CannySunny

CannySunny Updated 

I believe Nifty may correct from the resistance of 20950. View is invalid if it crosses above 20950. Allow it to sustain below 20900

CannySunny Updated 

Short sell opportunity. NIFTY 20800 PE NIFTY 20750 PE NIFTY 20700 PE

CannySunny Updated 

If an inverted HnS is what I see, then this could be exploding in next few sessions.

CannySunny Updated 

Not a very clean IHnS but can still give it a go as the price action indicates the exhaustion of supply.

CannySunny

Volatility Contraction is witnessed. Textile sector is looking good too.

CannySunny

Inverted Head and Shoulder is my favorite pattern. Retest has happened. Now its time for its breakout.

CannySunny Updated 

Inverted Head and Shoulder Spotted which is one of my favorite patterns

CannySunny Updated 

The company is among the largest manufacturers of Exhaust Systems in the world, manufacturing close to 32,000 systems per day. Besides this, it also produces more than 10,000 Spoke Rims for motorcycles and Steel Wheel Rim every day. Clientele The Co. has a wide customer base that includes Hero Moto Corp, Tata Motors, Piaggio, Bajaj Auto, Royal Enfield, and...

CannySunny

-Breakout from Ascending Triangle. -Ascending Triangle has formed inside an Inverted HnS. -On a successful retest and reversal, we could be looking at closing 2023 with a new High.

CannySunny

Long Consolidation. Series of Indecision candles followed by clear trend

CannySunny

After a long base, I feel a turnaround move is just around the corner. Also if FMCG index starts moving this could be a front runner.

CannySunny

I assume it will travel in the Ascending Channel. Dow theory Confimation

CannySunny

Breakout has been witnessed after a series of Volatility Contraction Pattern.

CannySunny Updated 

- Company has reduced debt. - Company has delivered good profit growth of 52.2% CAGR over last 5 years - Company has a good return on equity (ROE) track record: 3 Years ROE 44.1% - Company has been maintaining a healthy dividend payout of 36.2% - Debtor days have improved from 66.7 to 45.6 days.

CannySunny Updated 

I see a Cup and Handle Pattern is formation. Uptrend Continuation Pattern. Initial target is the cup resistance. We can review it again once that resistance is broken.

CannySunny

- Company has reduced debt. - Company has delivered good profit growth of 451% CAGR over last 5 years Greenpanel Industries Limited is engaged in the manufacturing of plywood, medium density fibre boards (MDF) and allied products. It enjoys a leadership position with a 27% market share in the organized MDF segment.

CannySunny Updated 

PE Ratio is 8 while Sector PE ratio of 53 - Company has delivered good profit growth of 49.7% CAGR over last 5 years - Annual Revenue rose 47.7%, in the last year to Rs 11,384.7 Crores. Its sector's average revenue growth for the last fiscal year was 17.2%. - Annual Net Profit rose 78.4% in the last year to Rs 1,210.1 Crores. Its sector's average net profit...

CannySunny Updated 

PE Ratio is 15.4 vs Industry PE ratio of 82.6. - Annual Revenue rose 32%, in the last year to Rs 876.6 Crores. Its sector's average revenue growth for the last fiscal year was 26%. - Annual Net Profit rose 0.3% in the last year to Rs 68.1 Crores. Its sector's average net profit growth for the last fiscal year was 49%. - Quarterly Revenue fell 5.6% YoY to Rs...