MISHTANN trade ideas
MISHTANN BUY 20.50-21.50 SL 17 TGT 27/34/40/50MISHTANN BUY 20.50-21.50 SL 17 TGT 27/34/40/50
7KInvest Ideas$$
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MISHTANN FOODS - 2 YEARS HIGH BREAKOUTCan enter at CMP 23₹
or enter at 21₹
Target - 35.55
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Yearly result expected to be good as well as Q4 result. upside Yearly result expected to be good as well as Q4 result. upside expected in short term of 3 to 4 months. As results are expected to be good and also there can be good news on the grain based ethanol plant which company is setting up to diversify business.
Technical side also- stock is consolidating near its previous 52week high of 27. And any positive news or date of Q4 results may move this stock upwards. keep in watchlist
Mishtann foods can move up in short term 6 monthsStock has moved from ASM stage4 to stage3. Recent results were good but being in ASM it did not show in stock movement. if the stock move steadily out of ASM and also Q3 result date is announced then stock can show some strength on the upside. Q3 results are expected to be good. on weekly chart if stock breaks the trendline then it can start moving upside based on the fundamental reasons mentioned.
Mishtann can move up based on excellent Q2 resultsAs per fibonacci retracements- it can hit 1st target of 30 and then next one around 46. Q2 results are excellent with PAT 18000% YOY and 85% QOQ. Also new product launched on 2nd oct and more products approved to be launched. Company also reducing debt.