0.236 acting as a good support
And at same levels its acting as a demand zone
"Not to worry about break-away gap"
These gaps are often a good indication of bullish moves in the market.
And are often created after a major completion of price action pattern.
Let me know You views also.
4.Volumes indication of weak down trend
5.Fibo levels @ 0.5%
If not an direct upmove we might see some consolidation and then the stock may shoot in upwards direction.
The EMA and the support are very crucial levels lets see if they could sustain.
Tata Coffee has given a Breakout from a very tight range,
and it is also supported by volumes.
Stock P/E stands at- 17
Cash flow in the company is good
After the corona crash the company has made a good recovery.
Q3 PAT is 32 VS 25 So we see the recovery.
Stock has shown good upside momentum and has not been fully recovered after the covid-19 Impact
hence here i see an opportunity and feel like it is ready to shoot up and forming a pennant pattern
For easy targets of 50 to 60.
Very bullish on the stock as it was consolidating from a very long time.
and has given break-out with huge volumes
We could easily expect target of 62 or more.
Rising Net Cash Flow and Cash from Operating activity 375.3% returns for Nifty 500 over 5.9 years
Good quarterly growth in the recent results 254.3% returns for Nifty 500...
Due to the earnings declaration the prices were hammered, and hence was opened as gapped down,
Reasons For Selecting:-
1.Trendline acting as a support
2.Stock respecting Fibo levels
3.Double bottom pattern
placing a stop-loss @ 375,
Followed by the Targets 1 & 2
This particularly, is a very good stock to buy as per my study
With a good combination of technical and fundamental indications this looks a good stock.
Dynamic support of averages in multiple time frames
Retracement levels From 0.618
Breaking a resistance.
Price action shows there is an accumulation going on in the stock and it is respecting the support line(Trend line) very well once the resistance is broke we may see a good upside move.
Now, talking about the fundamentals .
Company is almost debt free.
Company is expected to give good quarter
Company has been maintaining a healthy dividend payout of...
1.Company has reduced debt.
2.Company is almost debt free.
3.Company has a good return on equity (ROE) track record: 3 Years ROE 40.41%
4.Company has been maintaining a healthy dividend payout of 64.34%
1.The company has delivered a poor growth of 0.84% over past five...
Alembic pharma is one which i would choose in my portfolio to be, why? The reasons i have mentioned in green label and only being one down side the promoters holding the financials are really pleasing
profits turns out to be good,
similar if we see other companies in comparison (i.e- Torrent pharma) the current trading price is really undervalued.
As for trading...