Sector: Engineering & Construction
Market Cap: Small-cap (check latest on Screener.in for updates).
Debt: Monitor debt-to-equity ratio (high debt may increase risk).
Recent Performance: Check quarterly revenue growth, profit margins, and order book.
Technical Setup (TradingView)
Support: Strong base at ₹488.90 (previous swing low).
Resistance: Immediate at ₹600, then ₹700 (psychological levels).
Indicators:
TEMA (5,9,20): Bullish crossover suggests short-term momentum.
SuperTrend (10,3): Green line confirms uptrend.
RSI (14): Above 50 indicates bullish bias.
Volume: Watch for increasing volume on breakout for confirmation.
Trade Execution
Entry: ₹488-500 (with strict stop-loss).
Stop-Loss: ₹400 (below recent swing low).
Targets: ₹600 (20% upside), ₹700 (40% upside).
Holding Period: 1-3 months (adjust stop-loss to trail profits).
Risk Factors
Market Sentiment: Small-caps can be volatile; monitor NSE trends.
Liquidity: Check average trading volume before entering.
News Flow: Track company announcements (orders, financials).
Market Cap: Small-cap (check latest on Screener.in for updates).
Debt: Monitor debt-to-equity ratio (high debt may increase risk).
Recent Performance: Check quarterly revenue growth, profit margins, and order book.
Technical Setup (TradingView)
Support: Strong base at ₹488.90 (previous swing low).
Resistance: Immediate at ₹600, then ₹700 (psychological levels).
Indicators:
TEMA (5,9,20): Bullish crossover suggests short-term momentum.
SuperTrend (10,3): Green line confirms uptrend.
RSI (14): Above 50 indicates bullish bias.
Volume: Watch for increasing volume on breakout for confirmation.
Trade Execution
Entry: ₹488-500 (with strict stop-loss).
Stop-Loss: ₹400 (below recent swing low).
Targets: ₹600 (20% upside), ₹700 (40% upside).
Holding Period: 1-3 months (adjust stop-loss to trail profits).
Risk Factors
Market Sentiment: Small-caps can be volatile; monitor NSE trends.
Liquidity: Check average trading volume before entering.
News Flow: Track company announcements (orders, financials).
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.