ASHOKA METCAST LTD Chota Packet Bada DhamakaStock is trading at 0.58 times its book value
Promoter Holding Increased 9.66 % over Last 6 Years
From Year 2020 to 2024 Company Have Gradually Purchased their Fixed Assets of 20.57 CR .
in Year March 2018 Company Reported Total Annual Sales of 19.17 CR
Now in Year March 2024 Company Reported Annual Sales of 66.25 CR
Net Cash Flow Is Healthy
Cash Convertion Cycle and Working Capital Days have Also Decreased
Reserves and Equity Capital showing Increasing Strength
Multibaggerstock
SAIL - The Steel that Sank the Titanic Vs Steel that Sails :) :)Its been 4 years since SAIL recovered from rock bottom price of 20. When late Big Bull Rakesh J took stakes in SAIL, it was trading somewhere around 90 and had reached a peak of 150+ and fell again to 65-70 levels
It took 2 years to complete the return journey back to 150+. Lets now compare the short- and long-term views and respective targets
Long Term View:
Quarterly Chart shows a Falling Parallel Channel Breakout + Retest & Strong Bounce
Long Term Targets are 235, 280
Short Term View:
On Daily chart, price has formed a Fresh Rounding Bottom BO above 170 for Target of 190
Summary:
Upcoming Targets - 190, 235, 280++
Disclaimer:
Stocks-n-Trends is NOT registered with SEBI. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions.
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-Team Stocks-n-Trends
The Magical Flying Train - RVNLJust as I explained in my blog the following sectors are going to blast after the Elections given the Government's focus and investments
Railways
Defence
Space
Infrastructure
Green Energy
AI
And like the Indian Preamble says "For the People, By the People, Of the People" - the above sectors are
For - consumption by Indian people
By - Indian Companies
Of - Indian Technology
We are neither dependent on FIIs for their money nor any foreign nations for their Skillset / Manufacturing capabilities. True signs of Atmanirbhar Bharat which will go a long way in to the next Decade
Now, let's compare the Daily and Weekly Charts of RVNL
Daily Chart: Today - RVNL broke out of a Bullish Inverted Head and Shoulders pattern and it blasted more than 15% Intraday to even the Reach the Target 345 - same day
Weekly Chart: On Weekly - the price is seen to be Travelling within a Parallel Channel and repeatedly forming a Rounding Bottom structures.
With the completion of Inv H&S target on Daily, the price actually triggered a Fresh Rounding Bottom BO for weekly. If price settles above 345 by Friday (WCB) - then Target is 478
Additional Targets:
On Weekly, when the price formed a BO - Rest of Prior Rounding Bottom (144 - 345 - 200) - it had a perfect Fib 0.618 Golden Ratio Retracement which comes with their own Targets
Outstanding Targets:
Fib 1.0 Target - 405
Rounding Bottom Target - 478
Fib 1.618 Target - 520
RVNL has a long way to go - keep holding for bigger returns
Disclaimer:
Stocks-n-Trends is NOT registered with SEBI. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions.
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-Team Stocks-n-Trends
The Thundering Bullet Train - Titagarh Rail SystemsRailways stocks are back on fire once again...
Here is a Glimpse on one promising stock that has good upside left
Titagarh Rail Systems - Comparison of Daily and Weekly Chart Patterns
1. Daily Timeframe: Inverted Head and Shoulder pattern - Target 1250 already reached
2. Weekly Timeframe: While the Inv H&S pattern reached its defined target, the price has formed a Fresh Rounding Bottom BO on Weekly (BO done above 1250)
Targets:
1475, 1640 (as part of older patterns)
1715 - Target set for the Rounding Bottom BO on Weekly
Disclaimer:
3+ Years Teaching Experience in Stock Market - Technical Analysis, Behaviour Analysis, Advanced Patterns, Emotional Management, News based Trading...
We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes.
We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side"
*** Important *** Consult your Financial Advisors before taking any positions
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
Texmaco Rail - The Choo Choo Train ready to Chug alongTexmaco Rail - One of our 1st multibagger picks recommended at 64 levels has blasted all initial targets given 116, 135, 153
It went on non-stop to reach 225 level blasting out of 9 Year Rounding Bottom Pattern on Weekly. Subsequently price started retesting journey back to the BO zone of 164 and bounced back strongly 2 Months in a Row
Target for this Monthly Rounding Bottom pattern is 305 which gives an upside of approx. 58%
On Weekly Timeframe: Price is travelling within a Parallel Channel and has completed a Bullish Continuation Pattern - 2 Black Crows and ended the week right at a Resistance level 193
Above 193 WCB - price would complete a Fresh Rounding Bottom Pattern which will take the Targets to 240, 320
Upcoming Targets: 240, 305, 320
Disclaimer:
3+ Years Teaching Experience in Stock Market - Technical Analysis, Behaviour Analysis, Advanced Patterns, Emotional Management, News based Trading...
We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes.
We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side"
*** Important *** Consult your Financial Advisors before taking any positions
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
"M" is the new "W" - Double Decker MOIL"M"OIL - on Monthly Timeframe has formed a Flawless "W" - Double Bottom Pattern
The Multi-Year (14 years) pattern was finally broken out last month and right away the price blasted over 45% in 1 month forming a Super Strong Bullish Engulfing Candle on Monthly. 2 Targets were given earlier - 370, 507
Today - MOIL Blasted 20% UC moving past 2nd Target of 507 - ending strong at 524
Between Jan to Mar - price Retested the Double Bottom BO zone by retracing Fib 0.5 levels and the bouncing. This now has given an Additional FIB Target of 630
Our Entry was at 344 levels clocking 52% gains so far. When we reach 630, it would be 84% approx
Disclaimer:
3+ Years Teaching Experience in Stock Market - Technical Analysis, Behaviour Analysis, Advanced Patterns, Emotional Management, News based Trading...
We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes.
We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side"
*** Important *** Consult your Financial Advisors before taking any positions
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
#NHPC Company has been maintaining a healthy dividend payout of 49.5%
The company is actively engaged in the construction of 15 Solar and Hydro Power Projects of 10449 MW Capacity (including JV & Subsidiaries). Total projects under clearance stood at 4112 MW and projects under survey stood at 4110 MW as on Dec’23.
MOUs
Company has signed a MoU on 3 Jan 2024 with GPCL for proposed investment of Rs.4000 Cr in Kuppa Pumped Storage Project (750 MW), Chhota Udaipur, Gujarat.
Company signed an MOU with Govt. of Odisha through GRIDCO Limited on 23 Jun 2023 for Development of Pumped Storage Projects and Renewable Energy in the State of Odisha.
It signed an MOU on 23 Aug 2023 with APGENCO for Implementation of Pumped Hydro Storage Projects and Renewable Energy Projects under Joint Venture Mode in Andhra Pradesh. The MOU envisages Implementation of two Identified Pumped Hydro Storage Projects namely Kamlapadu- 950 MW and Yaganti 1000 MW PSPs in the first phase.
Focus
Being a hydro power company shifting its focus toward the renewable energy segment as well. Out of 10499 MW capacity under construction 1135 MW is for Solar power. It has recently signed a contract to develop additional 2000 MW solar power capacity in Rajasthan. About 9090 MW Solar power capacity is under Tender and pipeline including as a Intermediary Procurer.
#Just Dial #JUSTDIAL
Pan-India Presence
The company has ~12000 employees in telesales, marketing, feet-on-street activities deployed across 250+ cities covering 11,000+ pincodes in India. It derives 70% of its revenues from top 11 cities including Mumbai, Ahmedabad, Hyderabad, Kolkata, Bengaluru, Chennai, Delhi, etc. Its technology and R&D division is located in Bengaluru
Business Model
Paid advertisers pay a fixed fee to run search led advertising campaigns for their businesses
on Justdial’s platforms. Various premium & non-premium listing packages available which determine placements in search results. Add-on products such as banners, own website, JD Pay, JD Ratings, etc.
#HINDUSTAN ZINC #HINDZINC"Record annual silver & metal production with strong cost resilience amidst lower zinc prices;
PAT at INR 7,759 Crore."
Key Highlights :
Hindustan Zinc is now the 3'd largest silver producer globally, with highest silver annual
production, up 5% y-o-y
Holds 2nd largest zinc reserves and resources globally
Industry leading production growth rate with best-ever annual metal production
Highest-ever quarterly refined metal production for 04 FY24, up 6% sequentially
1st decile of the global zinc mines cost curve; lowest annual COP in last 3 years at US$
1,117/MT
Quarterly Revenue up by 3% and EBITDA up by 2%
Ranked first globally in S&P Sustainability Assessment in Metals and Mining sector
Bajaj Hindustan - On Sugar Rush :)Bajaj Hindustan Sugars is in Super Bullish Mode off late. Let's compare the Weekly Vs Quarterly pattern below
On Weekly:
1. Price is about to BO of Rounding Bottom Pattern above 40.5 for Target of 54
2. Fibonacci 0.618 retracement for Targets of 42, 50
On Monthly:
1. Inv Head and Shoulder BO confirmed on Monthly for Target of 54 (which is matching the Rounding Bottom BO on Weekly)
2. Larger Rounding Bottom BO pending above 40.5 for Target of 78
Disclaimer:
3+ Years Teaching Experience in Stock Market - Technical Analysis, Advanced Patterns, Emotional Management, News based Trading...
We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes.
We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side"
*** Important *** Consult your Financial Advisors before taking any positions
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
Vedanta - Multi-(Dividend, Demerger, MultiYear BO, Bagger) :)Vedanta has always been in the News for multiple factors - both Positive and Negative
Though Metal Stocks are Cyclical, it has come back into Focus at right time. While Nifty Metal index has broken out and all Metal stocks are in limelight now, here are some critical factors that make Vedanta one of the Best among Metal Picks
Multi-Year Box Breakout:
16 Year long Breakout pending above 485 and this opportunity comes at right time when China looks weak and Indian Metal stocks are in focus.
Multi- Bagger Pick :
Above 485 WCB, Target is a Whopping 910++ Almost 2x to 3x from CMP. Usually when stocks BO after so long, they usually rally much higher than the pattern target so, expect close to 1200++
Multi-Demerger Stock:
Vedanta has informed in Sep 2023 that it would split into 6 separate listed entities
Vedanta Aluminium
Vedanta Oil & Gas
Vedanta Power
Vedanta Steel and Ferrous Materials
Vedanta Base Metals
Vedanta Limited
And Investors would get free stocks of all 6 entities which over next few years will become Multibaggers
Mult-Dividend Stock:
Between 2022-2024, Vedanta topped the list of stocks with Highest Dividend Yield. Almost 35% or more was the dividend yield paid by Vedanta. The main reason for such huge dividends is because its Parent in UK was significantly Debt ridden and these dividends were paid to offset the debt of the Parent as it had majority share holding of the child company. And we - retail investors - got mutually benefitted by holding vedanta stock
Double Bottom Breakout:
On Monthly price has formed a Double Bottom BO for Target of 485. This will take it to the BO ZONE of Multi Year Box Pattern. So double confirmation of fast upward rally
Disclaimer:
3+ Years Teaching Experience in Stock Market - Technical Analysis, Advanced Patterns, Emotional Management, News based Trading...
We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes.
We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side"
*** Important *** Consult your Financial Advisors before taking any positions
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
#genus power ready for next leg of rally?Genus power after breaking out in May 2023 has moved around 164% in a span of 1 year. Then corrected around 26% and once again it has started moving up. This week it tested a strong fib resistance level of 338 and if this or next week manages to sustain above this number then it can try to touch 1) 366 2) 387 3)398 4)413(imp level) 5)443 6) 463 7) 490(imp level). Since my proprietary indicator is telling me that there can be some sort of pullback so I would like to wait for it to initiate long or take small qty once it close above 338 and add more once it starts moving up or comes down to 274 level. Once it will start moving up I would like to trail it for higher targets till 577.
3B BLACKBIO DX LIMITED Currently Market Price @ 786.55 ... Good for Holding for a Year .
Company has reduced debt.
Company is almost debt free.
Company has delivered good profit growth of 49.9% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 44.5%
Promoter holding has increased by 2.86% over last quarter.
Launch of Subsidiary Co.
3B BlackBio has launched its own subsidiary co. in the United Kingdom after entering into a Joint Venture Agreement with its European Distributor, HS Biolabs Limited based in Manchester, UK. TRUPCR Europe Limited has been launched to accelerate growth of TRUPCR's range of molecular diagnostic kits within Europe. TRUPCR has been well-accepted in 35+ countries across UK and Europe, Middle East, APAC, LATAM and United States of America
3B BlackBio Biotech India Limited.
Incorporated in 2011, “3B BlackBio Biotech India Limited”, a subsidiary of Kilpest India Limited, is engaged in Design, Development Manufacturing and Commercialization of qPCR tests, Rapid tests, NGS based Molecular Diagnostic Kits and Extraction Kits. The company has the largest range of CE-IVD products in the molecular diagnostics segment.
Brands: TRUPCR, TRURAPID, truNGS, TRUPCR Europe.
Anuh Pharma - The Non-stop Blaster, but its Just about to Start Anuh Pharma - Going non-stop. Another 6.3% up today. Multi-year VCP Pattern BO happening. Volume build up is good. Just let it sustain above 261 levels until Weekly Close for rockets to Fly....Target 320, 445 (Still 2x to go from here). But fresh entries wait for BO confirmation on weekly. Remember - this is a Monthly Pattern. Even WEEKLY confirmation of BO is not good enough, but atleast we need to wait for this minimum
Disclaimer:
3+ Years Teaching Experience in Stock Market - Technical Analysis, Advanced Patterns, Emotional Management, News based Trading...
We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes.
We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side"
*** Important *** Consult your Financial Advisors before taking any positions
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
PRSMJOHNSN*PRSMJOHNSN* Good for Holding around 9 Months ..... Current Price at *180.40* ......... Keep SL at *170.50* .... (On Closing Basis ... Means ... Daily Candle closed Below *170.50* )….. After Close Crossing *192.70* …. Trail SL to *184.95* Targets are Shown on Chart in Greens ..
Expansion.
The company completed a tile capacity expansion of 1.2 million m2 in Morbi, Gujarat, through one of its joint ventures in February 2023. Additionally, they are on track to add a greenfield tile capacity of 5.5 million m2 in Panagarh, West Bengal, which was expected to be completed in the first half of 2023-24.
Also, it has announced to establishment of a captive wind power project with a capacity of 24 MW to supply electricity to its cement plant in Satna, Madhya Pradesh. It is expected to be commissioned during the first half of 2024-25.
Growth
Cement revenue grew by 6.8% YoY to ₹ 748 Crores in
Q3 FY24 led by strong growth in cement & clinker sales
volume.
Cement & clinker sales volume grew by 8.8% YoY to
1.49 million tons; Share of premium cement maintained
at 33% in Q3 FY24.
EBITDA per ton increased by 167.1% YoY to ₹ 787 per
ton due lower fuel cost and higher clinker production
and inventory.
Zomato the Tomato - now looks like Half-cut Onion :)Zomato right from its IPO was always on the Lime-light for both Positive & Negative reasons till-date. Many were apprehensive of Zomato's success given the enormous amount of Debt the company carried during its IPO & Post-IPO days
Not Surprisingly, after a brief Upmove right after IPO, the Price started falling so sharply and badly that it became one of the most Trending Memes on Social Media that Zomato price is Less than a Tomato
With the recent Strategic changes brought in by the management and coverage of most of its Debt, Zomato has not shown strong signs of a Bullish Reversal and also hints of becoming a Multi-bagger stock
On the Technical Front - Zomato formed Multiple Concentric Rounding Bottom Patterns right from 120 level to 160 (CMP 161). Each Rounding Bottom Pattern slightly bigger than its predecessor resulting in incremental increase in Targets.
With so many concentric circles (Rounding Bottoms) - Zomato Chart now Looks like a Peeled Onion :) :) :)
Technicals:
At CMP (161) - Zomato is has completed one of the Earlier targets set and also on the Verge of its Last and Largest Rounding Bottom Pattern.
A Strong BO above 161 WCB will take the stock to 185, 245, 280 (Almost 2x from here)
Note: Our Recommendation and Entry was approx. 103 levels and we are already at 55% Profits and target of 280 is approx 2.7x from Recommendation :)
Disclaimer:
3+ Years Teaching Experience in Stock Market - Technical Analysis, Advanced Patterns, Emotional Management, News based Trading...
We are NOT SEBI Registered
Our focus is NOT providing Buy/Sell Recommendations/calls
Primary Objective is to provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes.
We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side"
*** Important *** Consult your Financial Advisors before taking any positions
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
Decoding the next Big Bull - Jio FinanceJIO Finance - from the day of its Demerger listing - had gone thru a very subdued performance up until now. Finally the Tiger is out of the bushes and is showing up its real power
On the Technicals front - we can derive the Near to Short term view using chart patterns. Long Term view is still strongly bullish, but due to lack of history and patterns, we are proposing Incremental targets
Technical Analysis: Near to Short Term view
On Daily Time Frame, price has already completed a beautiful Cup and Handle Pattern / Bullish Ascending Triangle pattern with Target of 300.
Price did reach very close @ 295 to the target but fell sharply, retracing back to the C&H BO zone and took a bounce - now forming a Fresh Rounding Bottom pattern. BO above 296 WCB for New Target of 335
Disclaimer:
Stocks-n-Trends is NOT registered with SEBI. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions.
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
MIC Electronics: 3 days of Lip-Lock in 10% UCMIC Electronics Limited is a global leader in the design, development & manufacturing of LED Video Displays, high-end Electronic and Telecommunication equipment. The boost in Green Energy, LED lights and Telecom has lifted the sentiments on MIC Electronics. Also, it recently started venturing into Co-Developing 42v/3A Electric Vehicle Battery Chargers for e-Bikes. All this resulting in a blasting rally in Mic Electronics
On the Technical Front:
MICEL was travelling within a Falling Parallel Channel since 2008 and finally BO of the 15 year Channel and then formed a Beautiful Cup and Handle Pattern on Monthly
After Breaking out of C&H, it has not formed a Fresh Rounding Bottom Pattern - BO also done above 50.4 (CMP 51.5)
Like the Infamous Hero Kamal-Hassan, MIC Electronics is also Lip-Locked in 10% UC for past 3 sessions :) :) :)
Targets 65, 83, 108
Disclaimer:
3+ Years Teaching Experience in Stock Market - Technical Analysis, Advanced Patterns, Emotional Management, News based Trading...
We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes.
We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side"
*** Important *** Consult your Financial Advisors before taking any positions
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
The Rising Sun - SOLARA ACTIVE PHARMASolara Active Pharma went thru a Turmoil after its Ex-CEO resigned almost 2 years ago citing reasons for his failure to manage the company's profitability
After the new management took charge - it took 18+ months to stabilize and now to turn the stock to Bullish mode.
Technical Pattern:
On Weekly - Solara BO of a Falling Wedge Pattern from Jun 2022, but after BO it faced major resistance at 450 levels forcing it go down and Retest the BO zone
After Successful Retesting, the price took a strong Bullish Reversal and today trading approx 11% higher and testing the 450 zone again. This time, it has formed a Strong Rounding Bottom Pattern. A strong BO above 450 WCB will take the stock to 550 levels quickly, but this is not the end - there is much more distance to Cover for Solara
the subsequent targets given at 840, 1200++. Its a Multi-bagger in the making. Don't miss out this Master Blaster
Disclaimer:
3+ Years Teaching Experience in Stock Market - Technical Analysis, Advanced Patterns, Emotional Management, News based Trading...
We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes.
We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side"
*** Important *** Consult your Financial Advisors before taking any positions
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
Strong Buy for ShortTerm TargetUgarStock made a Strong Higher high in Monthly and Weekly Timeframe., which confirms the uptrend on Higher Timeframe.
Stock came to previous ATH or Breakout Point., which is nothing but the Retracement point before the Upmove.
Buy the stock in proper dips with proper accumulation ratio ( Buy in parts )
Hold for Short to Long term Investment.
Have your own analysis for proper Risk management and Money Management.
I'm Finally Blasting "IFB" Industries :) - Part 2IFB Industries on a longer term has formed a Big Flag Pole pattern and Cup and Handle Pattern.
After the Flag BO, it is creating newer patterns - Watch from Right to Left - as the stock increases it is creating Fresh Rounding Bottom patterns at each step - each Cup (Rounding Bottom) bigger than the previous one causing bigger upside Targets
Targets
1) 1500
2) 1990
3) 2800
4) 4000
Disclaimer:
Stocks-n-Trends is NOT a SEBI registered company. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions.
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
The Bulldozing Lorry - The unstoppable "Balmer Lawrie"Balmer Lawrie is a Mini Ratna PSU stock - a conglomerate under the ownership of the Ministry of Petroleum and Natural Gas, Government of India. Balmer Lawrie has presence in both manufacturing and service sectors. Market leader in Steel Barrels, Industrial Greases & Specialty Lubricants etc...
The first call was given around 150-155 levels for a Cup and Handle BO in Weekly. In an attempt to reach the Weekly C&H Target - lawrie has formed a Fresh Rounding Bottom pattern on Monthly and BO was already done in Dec 2023.
Today the stock reach new ATH with 7% increase and heading closer to 1st target of 270. the Fresh RB Monthly Target is 330.
Stock is already 60% above the entry price and bulldozing all resistances and heading for larger Targets. keep holding your winners.
Disclaimer:
Stocks-n-Trends is NOT a SEBI registered company. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions.
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends