PIXTRANS potential breakout - Tight Price Action
- Near Base High
- 1 year long base
- Good Quarterly Earnings
- Strong on weekly + daily timeframe
PIXTRANS trade ideas
long, so easyThe two upward channels are rebounding and continuing to rise. Overall, it is still very simple, and the principle is to start from history
"Ascending Triangle" **||Pix Transmissions Ltd||*** 1 years Consolidation touched on Resistance multiple times, and breakout on July-24, IN Ascending Triangle pattern July-23 To July-24.
* 1 years Consolidation touched on Support multiple times, and breakout on July-24, IN Ascending Triangle pattern July-23 To July-24.
* Expected To reach at the next level. Price level - 3027
Pix Transmission LtdEntry Point , Stop loss and Targets in chart
The company's product portfolio includes Industrial belts, agricultural belts, lawn & garden belts, Automotive belts, hi-power rated belts, power-ware products, and various accessories as well.
Market Cap
₹ 1,369 Cr.
Current Price
₹ 1,003
High / Low
₹ 1,140 / 702
Stock P/E
21.1
Book Value
₹ 307
Dividend Yield
0.60 %
ROCE
19.5 %
ROE
16.6 %
Face Value
₹ 10.0
Promoter holding
61.8 %
EPS last year
₹ 47.6
EPS latest quarter
₹ 14.0
Debt
₹ 68.4 Cr.
Pledged percentage
0.00 %
Net CF
₹ 21.0 Cr.
Price to Cash Flow
12.2
Free Cash Flow
₹ 88.4 Cr.
Debt to equity
0.16
OPM last year
21.5 %
OPM 5Year
23.6 %
Reserves
₹ 404 Cr.
Price to book value
3.27
Int Coverage
11.6
PEG Ratio
0.90
Great opportunity Good fundamental and life time High very good opportunity to accumulate for long term and short time also don't think about buy and sell take own decision
Pix Transmission Looks bullish on the medium term
+ More volumes
Weekly RSI above 65
Almost close to breaking the box levels
Fundamentally decent micro cap
Potential to grow more
PIXTRANSMISSION Triangle breakout Being in consolidation for a very longtime and formed a potential Triangle pattern. Try to draw in your chart and wait for the breakout
Support LevelThe price is consoliditing at the current level for last few weeks. Looks like a good support zone and may offer good risk / reward ratio
Disc : Not a buy/sell recommendation and not holding.
PIX TRANSMISSION IND CUP AND HANDLE BREAKOUT: LUCRATIVE SETUPAccumulate up to 403 with a stop loss of 372 for a TGT of 454 in a week's time!
