MCLEODRUSS (MCLEOD RUSSEL INDI)
About The Company
McLeod Russel India Ltd. engages in the business of cultivation, manufacturing and sale of tea. It operates through the following geographical segments: India, Vietnam, Uganda, Rwanda, UK and Others. The company was founded on May 5, 1998 and is headquartered in Kolkata, India.
Trade Setup
Cmp 28
Any Dip...
Only for Educational Purpose
This company looked very interesting to me. The share value fell over 99% due to debt default. It was one of the largest tea producer in the world. If company is able to manage its debt efficiently it could become a multibagger.
The stock was able to give highest ever weekly closes after June 2019 , highest volume after Nov 2018 were registered. What's interesting is that the volume from last 3 weeks has been on rise. It is currently the world's largest tea growing company and rise in commodity prices will definitely propel a northward move.
Mcleod Russel peaked at around 250 levels in December 2017. Post the 2018 peak, Mcleod's stock price collapsed and made a low of only 1.85 in march 2020. Since then, the stock saw a clear trend reversal and has moved up with the rest of the market peaking at 27.5 in late August 2020.
for the last 8 months, the Mcleod Russel stock has largely been range bound and...
Buy MCLeod Russel abv 27 sl 20 tgt 45 as the weekly chart show breakout with good volumes and momentum supporting it
Disclaimer :- I am not SEBI registered analyst kindly consult your advisor before taking any trading decisions
OOPS BUY
a) If you are watching daily charts, the first condition is that there has to be a SUSTAINED downtrend for a few trading sessions.I mean few Red Candles on daily Charts
b)On the last day of downtrend when the Oops buy occurs, there is a gap down, which opens well below the previous day’s low.
c)During the course of trading the stock rises and goes above...
![MCLEODRUSS: HIGH RISK BET: MCLEODRUSS [Tea Producer] 🍂](https://s3.tradingview.com/k/Kvw9W5xi_mid.png "HIGH RISK BET: MCLEODRUSS [Tea Producer] 🍂")
