- The chart will speak it all for the indicative patterns
- Constant increased interest of FIIs/DIIs
- OPM, Cash flows increasing
- profit growth of 82.39% CAGR in last 5 years
- Good growth signs for short/long term
- Good quarter results
OPM - 22%, FIIs increase 3.6%, 5Yrs ROE - 22%
- Short 1-3 months #swingtrade
- I will act per the given accumulate and trgt zones, for 50-60% profits
Why ?
- Attractive FA
- Momentum in Uptrend
- Still close to intrinsic value - Rs.305 / PE - 11.6
- ROCE 47.0% / ROE 35.0%
- Good profit growth of 66.04% CAGR over last 5 years
- Increasing FII in last 4 quarters
Given is the expected continuation of chart pattern +-5%
Disclaimer: This is not an investment advice. Please do your own research and consult...
After consolidating for about 7 months now...it is probably going to give a closing above its upper trend line today.
It will be a triangle pattern breakout..
Strategy -
- Watch for the next session if it continues the momentum.
- A retest back to the upper trend might happen.
- Closing above 820 resistance shall be a confirmed entry.
- Short term targets - 870/880++
After making a high of 18400, so far the trend followed by nifty is falling perfect to a flag pattern.
The last 2 breakout rallies of Nifty had been of 30% each. Considering it repeats the historic trend, a target of 30% from its current common low of 16800 will take Nifty to a high 21K+. That's only after it breaks the flag towards upside.
#Shyam Metallics - One of the newer gems to consider early entries.
Why ?
- Attractive FA
- Downtrend completed.
- Consolidation baseline formed.
- Inverted Head and Shoulder Completed.
- Clear signals of upside breakouts.
