Breakout in Sandesh Ltd...Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am
Key stats
Market capitalization
7.219BINR
Dividends yield (FY)
0.52%
Price to earnings Ratio (TTM)
6.05
Basic EPS (TTM)
157.90INR
About SANDESH
ISIN
INE583B01015
Sector
Consumer Services
Industry
Publishing: Newspapers
Website
sandesh.com
Headquarters
Ahmedabad
Employees
444
Founded
1923
Sandesh Ltd. engages in the business of editing, printing, and publishing newspapers and periodicals. The firm operates through two segments; Media and Finance. Its activities include sale of newspaper and other publication materials, and advertisement. The company was founded in 1923 and is headquartered in Ahmedabad, India.
The Sandesh LimitedSANDESH:- Cup and handle pattern has formed, volumes are also good, wait for breakout, keep an eye on the stock.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like
SANDESH - STOCK TO BUY AND SIT TIGHTSandesh
CMP 1262.
Stop 900
Target 2000 plus
1) Stock has broken out of the consolidation zone. A sort of ascending triangle breakout with above average volumes.
2) RS has spiked along with other bullish indications in the oscillators and MACD.
3) A similar previous pattern has produced 2x returns o
See all ideas
Income Statement
Balance Sheet
Cash Flow
Earnings
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Revenue
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