Paradeep Phosphate : Looking Good with nice rewardThis stock is looking good for attractive risk reward.
Here you can enter at current levels also but if want you can wait for entry at 100 lelvel. But it does not look like it will touch 100 support level. If it does then buy with small SL of Rs.5
What can be better trade when SL is Rs. 5 but first target is Rs.20. That is 1:4 RR.
That is one good trade looking at past stock behaviour.
Entry : Rs. 100 or current levels
SL : Rs. 95
Target 1: Rs. 120
Paradeephosphateltd
Paradeep Phosphate if you missed it earlier it is not too late.Paradeep Phosphates Ltd. CMP – 66.10
Market Capitalization Rs 5,385.4Cr
Red Flags:🟥
High Valuation (P.E. = 33.7)
Declining annual net profit
Declining cash from operations annual
Promoter Holding decreasing
Green Flags:🟩
Low debt
Zero promoter pledge
FIIs are increasing stake
MFs are increasing stake
Previous Happy Candles Number – 35/100
New Happy Candles Number – 50/100
Fresh Entry/ averaging / compounding after closing above 67
Targets: 69 and 71
Long term target: 73 and 75
Stop loss: Closing below 58
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.