#SandurManganese
Cmp : 2275 Mcap : 2028 Eps : 467 P/e : 4.87
This can be a good investment opportunity looking at some following financials:
After completion of major debt-funded capex, earnings started picking up from march 21 quarter.
With fixed assets (near 800 cr) this huge (compared to past) & strong operating margins, the company is set to deliver some...
Stop loss can be near 695 closing basis, major resistance is around 780 to 796.
If this resistance zone is crossed successfully we can get swift movement. Expecting it to happen this week or next.
Nifty is in Elliot's wave since 2016, This is the last wave of correction. (Weekly Charts)
The best part is, a Head n Shoulder at the End, Which mostly occurs in Elliot Wave (if no harmonic chart patterns are found).
On a larger scale also, NIfty is in Elliot's wave on Monthly charts. (Haven't covered here)
Nifty after touching 11,200-300 can shoot around...
