march 7/03/2023
Signet industries is near an important resistance-turned support zone , where it gave a breakout from a cup and handale pattern.
Targets of 55-57 can be achieved in the short term. Wait for further consolidation and confirmation for the stock to touch its recent 52 week high.
Signet industries is near an important resistance-turned support zone, where it gave a breakout from a falling wedge pattern.
Targets of 55-57 can be achieved in the short term. Wait for further consolidation and confirmation for the stock to touch its recent 52 week high.
I am not a SEBI analyst Buy at current price and take target 10-12%+ with in the weak SL close below current candle and enjoy this is the breakout trade
Promoters increasing stake in the company
Signet Industries has an operating revenue of Rs. 826.99 Cr. on a trailing 12-month basis. Annual revenue de-growth of -6% needs improvement, Pre-tax margin of 1% needs improvement, ROE of 7% is fair but needs improvement. The company has a reasonable debt to equity of 39%, which signals a healthy balance sheet.
📌Levels are mentioned on chart for ❝Swing trading❞.
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