Buying opportunity #SHYAMMETLStock is following basic trendline and horizontal support,
can enter at cmp ; 20% upside move possible,
from swing high to low - short term target can be 1.618 fib levels i.e. 522
SHYAMMETL trade ideas
Shyammetalics - Cheap Valuation good fundamentalsFundamentals:
+ Highest Quarterly Sales and Quarterly profit
+ Highest Yearly Sales and Yearly profit
+ Very less debt and Decreasing Debt
+ ROCE increased from 10% in '20 to 26% in '21
+ High Promoter holding 88.4%
+ Cheap valuation Market Cap to Sales 1.69 and Stock PE<Industry PE
Technicals:
+ Breaking out of Weekly high
