GALAXY SURFACTANTS | 80% returns | 3 year range breakout
GALAXY SURFACTANTS
Monthly time frame
Stock seems to have broken the descending triangle pattern, with retest also done
Stock riding above 20- & 50- month moving averages
RSI = 60, indicating bullish momentum
MACD crossover completed and is above the 0 line, indicating bullish momentum
Weekly time frame
Breakout and retest from the descending triangle pattern clearly visible
Breakout has happened near the crossover of all 3 moving averages,
Stock riding above 20-, 50- & 200-week moving averages
Stock has recently tested all 3 moving averages and bounced back
Golden cross approaching with 50 WMA about to cross 200 WMA
RSI > 60, indicating bullish momentum
MACD extending the crossover & above the 0 line, indicating bullish momentum
Daily time frame
Stock trading near the dotted white resistance trend line
Stock riding above 20-, 50- & 200-day moving averages
RSI > 60, indicating bullish momentum
MACD has extended the crossover & is above the 0 line, indicating bullish momentum
Conclusion
Entry: 3,200
Stop Loss: 2,700
Target 1: 3,600
Target 2: 4,400
Target 3: 5,700
Fundamentals
PE (36) < Industry PE (41) {Ideal scenario}
ROCE = 17% {Ideal > 15}
ROE = 15% {Ideal > 15}
Int Coverage = 19 {Ideal > 2}
Debt to equity = 0.09 {Ideal value < 1}
CF Operations / EBIT = 1.3 (Ideal > 1)
Promoter stake has remained consistent over the years > 70%
FII + DII participation > public participation
Monthly time frame
Stock seems to have broken the descending triangle pattern, with retest also done
Stock riding above 20- & 50- month moving averages
RSI = 60, indicating bullish momentum
MACD crossover completed and is above the 0 line, indicating bullish momentum
Weekly time frame
Breakout and retest from the descending triangle pattern clearly visible
Breakout has happened near the crossover of all 3 moving averages,
Stock riding above 20-, 50- & 200-week moving averages
Stock has recently tested all 3 moving averages and bounced back
Golden cross approaching with 50 WMA about to cross 200 WMA
RSI > 60, indicating bullish momentum
MACD extending the crossover & above the 0 line, indicating bullish momentum
Daily time frame
Stock trading near the dotted white resistance trend line
Stock riding above 20-, 50- & 200-day moving averages
RSI > 60, indicating bullish momentum
MACD has extended the crossover & is above the 0 line, indicating bullish momentum
Conclusion
Entry: 3,200
Stop Loss: 2,700
Target 1: 3,600
Target 2: 4,400
Target 3: 5,700
Fundamentals
PE (36) < Industry PE (41) {Ideal scenario}
ROCE = 17% {Ideal > 15}
ROE = 15% {Ideal > 15}
Int Coverage = 19 {Ideal > 2}
Debt to equity = 0.09 {Ideal value < 1}
CF Operations / EBIT = 1.3 (Ideal > 1)
Promoter stake has remained consistent over the years > 70%
FII + DII participation > public participation
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.