A small cap company with good fundamentals. Revenue increased but net profit declined due to declining OPM. Technically bullish as price is moving in a WXY corrective move towards upside after a long term downtrend. As per conventional TA, it is forming a nice cup with handle pattern with a technical target of around 1300. Good to accumulate around 560-610...
Strong accumulation near the trend line and after breakout again. Decline in % of Deliverable Quantity to Traded Quantity indicates profit booking. Healthy correction to the support zone may be good for fresh buyers. 17% movement in last week. Not any recommendation Just an observation. I may be wrong
DSICLAIMER : ( this is for educational purpose only and not recommendation for BUY / SELL . Please consult your financial advisor before investment. - Learn first and then take L from that , you will then EARN . - Follow simple strategy - Keep Stop loss on every trade that minimize your loss and save premium for next trade . - Dont do option if your beginner ,...
BSE listed: Name : Valiant Organics Ltd. Code: 540145 Trading idea: Long suggested above 1185 Stop at 935 Lots 40 (for a capital of Rs 1 lac and a risk appetite of 10%). Technical rationale: Stock has corrected 22% from 52wks high with low volumes and has been in a consolidation phase for the last few days, effectively scaling up by 10%. Stock possibly finding...