Rolex Rings 21-09-23. Expected Downmove.Rolex rings showing weekly bearish divergence and Daily bearish divergence. Expected direction is downwards.
65.65INR
1.98 BINR
11.63 BINR
12.19 M
About ROLEX RINGS LTD
Sector
Industry
CEO
Manesh Dayashankar Madeka
Website
Headquarters
Rajkot
Employees (FY)
2.5 K
Founded
1977
ISIN
INE645S01016
FIGI
BBG011Y4VHP1
Rolex Rings Ltd. engages in the manufacture and sale of machined and forged rings and auto components. It operates through India and Outside India geographical segments. The company was founded by Manesh Dayashankar Madeka and Rupesh Dayashankar Madeka in 1977 and is headquartered in Rajkot, India.
Buy Rolexrings- Reversal from BO retest on daily chart.
- Trend reversal confirmed above 2205 level
- RSI given early BO today
Have you ever heard ROLEX RINGS gives you WIIINGS?- Company has reduced debt.
- Company has delivered good profit growth of 21.9% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 29.3%
- Annual Revenue rose 16.5%, in the last year to Rs 1,198.3 Crores. Its sector's average revenue growth for the last fisc
Short term trade with Rolex ringsStock in constrained up trend
Higher high and higher low movement
Probability of a short term trade with Risk-reward ratio of 1.7
Target and stop loss mentioned in the chart
Not a recommendation, for study only
Positional BetThis is my trading journal, not a trade recommendation. Idea presented only for educational purposes for me and others who want to benefit from my experience.
DISCLAIMER:
Trading in the stocks market or futures markets is on e of the riskiest forms of investments available in the financial markets
Rolex Rings BreakoutNSE:ROLEXRINGS has given a solid breakout and now one can go long in this position by keeping a stop loss at 2150. It gave an initial breakout and then took out the previous high which makes this breakout more interesting and strong.
ROLEXRINGS - Weekly AnalysisIn the Weekly Chart of ROLEXRINGS ,
we can see that; it has given breakout from Cup & Handle Pattern.
Let it retest.
Expected momentum is shown in chart.
#SHORTTERM #SWING #NSE ROLEXRINGRolex Rings is a leading manufacturer of forged and machined components, one of the top 5 forging companies in India and is also a Global supplier of hot rolled forged, machined bearing rings and automotive components for various segments of vehicles, Industrial Machinery, Wind Turbines and Railways
ROLEXRINGS Swing Trade1. Bullish Engulfing on Weekly TF.
2. Made Higher Low around 1700 levels.
3. Doji followed up with Bullish candle (where Open = Low).
4. a. Very good Risk to Reward (about 1:3) in short term.
b. Risk: Reward - 1:5 in longer time frame
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Frequently Asked Questions
The current price of ROLEXRINGS is 1874.85 INR — it has decreased by 1.34% in the past 24 hours.
Depending on the exchange, the stock ticker may vary. For instance, on NSE exchange ROLEX RINGS LTD stocks are traded under the ticker ROLEXRINGS.
ROLEX RINGS LTD is going to release the next earnings report on May 29, 2024. Keep track of upcoming events with our Earnings Calendar.
ROLEXRINGS stock is 1.62% volatile and has beta coefficient of 0.72. Check out the list of the most volatile stocks — is ROLEX RINGS LTD there?
One year price forecast for ROLEX RINGS LTD has a max estimate of 2500.00 INR and a min estimate of 2445.00 INR.
ROLEXRINGS earnings for the last quarter are 17.90 INR per share, whereas the estimation was 17.90 INR resulting in a 0% surprise. The estimated earnings for the next quarter are 17.10 INR per share. See more details about ROLEX RINGS LTD earnings.
ROLEX RINGS LTD revenue for the last quarter amounts to 3.21 B INR despite the estimated figure of 3.21 B INR. In the next quarter revenue is expected to reach 3.21 B INR.
Yes, you can track ROLEX RINGS LTD financials in yearly and quarterly reports right on TradingView.
ROLEXRINGS stock has fallen by 2.76% compared to the previous week, the month change is a 0.99% rise, over the last year ROLEX RINGS LTD has showed a 3.95% decrease.
ROLEXRINGS net income for the last quarter is 370.17 M INR, while the quarter before that showed 469.63 M INR of net income which accounts for −21.18% change. Track more ROLEX RINGS LTD financial stats to get the full picture.
Today ROLEX RINGS LTD has the market capitalization of 51.98 B, it has increased by 4.88% over the last week.
No, ROLEXRINGS doesn't pay any dividends to its shareholders. But don't worry, we've prepared a list of high-dividend stocks for you.
Like other stocks, ROLEXRINGS shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade ROLEX RINGS LTD stock right from TradingView charts — choose your broker and connect to your account.
As of Apr 19, 2024, the company has 2.50 K employees. See our rating of the largest employees — is ROLEX RINGS LTD on this list?
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So ROLEX RINGS LTD technincal analysis shows the sell today, and its 1 week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating ROLEX RINGS LTD stock shows the sell signal. See more of ROLEX RINGS LTD technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.
We've gathered analysts' opinions on ROLEX RINGS LTD future price: according to them, ROLEXRINGS price has a max estimate of 2500.00 INR and a min estimate of 2445.00 INR. Read a more detailed ROLEX RINGS LTD forecast: see what analysts think of ROLEX RINGS LTD and suggest that you do with its stocks.
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. ROLEX RINGS LTD EBITDA is 2.55 B INR, and current EBITDA margin is 21.28%. See more stats in ROLEX RINGS LTD financial statements.