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NARMADA AGROBASE LTDNARMADA AGROBASE LTDNARMADA AGROBASE LTD

NARMADA AGROBASE LTD

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NARMADA trade ideas

Narmada AgrobaseThis chart analyze the fluctuation zone of the stock in which it may render most of the time in the current time but As the PE ratio of the company is 59rs which is too high and the company is currently so much overvalued that more chances are that the prices may drop and the there would be a significant difference. for short term I analyzed the chart and it has a bearish trend which has currently a fluctuation zone (marked with yellow lines). Intraday trade can be predicted from this chart if my analysis is not wrong. Breakout on either side can be used as anchoring point. But the MACD chart has the EMA's which are both with the falling wedge which concludes there are more possibilities of the stock price going down. The trade: BULLISH BUY after breakout of 26 Target-1: 27.30 BEARISH Sell after breakout of 23 Target-1: 23 Target-2: 21 Please Correct me if I'm wrong somewhere. and also check out my other analyses on the profile
NSE:NARMADA
by hajariparth28
Narmada AgrobaseDate-30/12/2022 Company issue price -Rs.32 Company listed Price-Rs.25.75 Current Marker Price-Rs.24.2 Whoever got this stock in IPO they are in loss because after listing stock touched high of Rs.27.25 and loss of Rs.4.75(14.84% loss). Stock View: Technical view not genuine at such low volumes. Retail investors have struck in this stock as per above data.Most of them want to exit at no loss or at nominal profit.QIB's lock in period 30days for 50% portion and 90days for remaining 50% portion. On Dec 07 2022 it looks like big hands transfers quantity to weak hands. Suggestion: Don't invest your hard earned money on such low volume stocks.we have around 188 f&o stocks diversify your portfolio.if you have chance to exit,exit most of the quantity and invest in blue chip and mid cap companies. Good luck to whoever holding this stock.
NSE:NARMADA
by UltraRevolt