📊 DETAILS
Sector: Iron & Steel
Mkt Cap: 2,478 cr
Mukand Ltd is engaged in manufacturing of special alloy steel, billets, bars, rods, EOT cranes, material handling equipment and other industrial machinery and comprehensive engineering services.
TTM PE : 12.49 (Average PE)
Sector PE : 23.95
Beta : 1.18
📚 INSIGHTS
Strong Performer
Stock with...
One can go for swing in MUKAND.
CMP:- 202
Tgt :- 10 to 15 %
SL :-below 190.
Not a buy/sell call, do your own research before investing.
i won't be liable for any profit and losses.
#BreakoutCandidate #breakoutsoon #mukandltd #stocksinfocus #stocktotrade #stocktobuy
#Mukandltd : Weekly Chart
>> VCP formation on the Verge of Breakout
>> Good Trending setup on Weekly TF
>> Consolidation Range Breakout + Base Formation + Ready for Another Breakout
>> Good Strength in Stock & Good Volume Buildup
Swing Traders can lock 10% profit & keep...
My outlook on MUKAND LTD
CMP AT 195.75
Pattern breakout in weekly timeframe
Monthly CPR of the stock is narrow indicating a strong breakout on upside.
Continues rise in volume indicating strong accumulation.
#MUKANDLTD #StocksToBuy
#StocksInFocus #Nifty
MUKANDLTD is vibing for a breakout party! 🚀 I'm feeling an upside groove in the coming days, especially if it keeps the good vibes above that resistance level post-breakout. 🕺💥
Mukand Limited is engaged in the manufacturing of alloy steel and stainless steel bars, rods, structural and rails, the company is a part of the Bajaj Group.
Ready to break the resistance, if sustained above 186 can enter with sl 168 and a target of 222.
It is my view, to trade on your own analysis
Trade Wisely. We Can Just Predict.
Disclaimer: I am not a SEBI registered advisor , so before entering on my view please ask your SEBI Registered Advisor . Profit is your and loss is your.
If you love my analysis Like And Share wherever you want..
1. Early entry for a false breakout has high reward & small risk but probability for taking SL goes substantially high
2. Wait for closing SL, but it is false breakdown then chances are remote to hit the low
3. Risk to reward is 1:12
First result by the co post a large debt reduction..
Expecting major savings here.. (results stomm)
Long above 134 when there is a wedge breakout.
Stoploss below 124.
1. Post a meteoric rise of 1300+% price has consolidated making a long rounding base, the 85 week long base is in cheat area having made 3 contraction with maximum down move of 41% and least 10% and price is currently is horizontal range.
The promoters have sold a large chunk of land which led to some major debt reduction.
Debt was a major concern here which is not been reduced and promoters are actively trying to reduce it further.
Additionally the business of specialty steel esp in Auto is really picking up..
The stock has broke its downward trend and this too could be forming a nice cup and...
