KSCL trade ideas
KSCL - Good chance to make money on either sideKSCL has given breakout with huge volume. But if you check its history, it has hardly maintained its momentum after such volume.
So, I am littile cautious about going long immediately. If it opens gap up and sustain above 425, it can give nice upmove.
If it opens flat, I think breakout will fail. So, be ready to grab shorting opportunity also.
Long - KSCL with Bullish Descending triangleHello Investors,
KSCL is making a bullish descending triangle. In a weekly time, frame, it has made a rejection candle twice. And today, it broke the descending triangle with volume.
STRICT STOP LOSS = 469
Target of 677-700 is an important level as it has not gone beyond 700 in the past three years. At 700 level we might see some profit booking or may be a nice rocket momentum.
I hope you will benefit from this knowledge
-MetaVish
Kaveri Seed (Long) Hi Everyone,
Hope you are well, Today we are looking at a very interesting stock Kaveri Seeds which generates good cash flow and is undervalued.
Technicals :
1. Currently it is in Downward momentum
2. One should take the entry if it breaks above 510-520 for good upside
3. Good accumulation in the share
Fundamentals:
1. Company is in the Seed business with a PE ratio of 8.9 which looks reasonable, but we need to discount the future cash flow to arrive at a forward PE ratio. Since the profits have been growing at a pace of a minimum of 20% we can safely assume that company value doubles every 5 years.
2. Agriculture is the backbone of the Indian Economy, Lot of countries dependent on Indian crops
3. The company has cash and Investments worth about 1000cr versus the market cap of 3000cr. If the company does not have an interest in growing their business further, it would easily offer value to the shareholders through a lot of buyback with higher prices.
4. Nil or Negligible debt
The suggested methodology is to start accumulating for the long term on dips and sell in long term with a good profit percentage. The current price is back to pre-covid levels and the business outlook looks promising with such an incredible net profit. While people are shifting the momentum to Financials, Tech it is always good to buy some undervalued for the long term in the Agri sector.
We have had some incredible runs in our previous suggestions, we hope to buy low and sell high and more to come in the future.
Please feel free to let me know if you have any questions.
Disclaimer: This is just my view and not a recommendation :)
KSCL long#KSCL CMP 528 rising from support level 500 Resistance Placed at 560 590 635 682 SL 475 wcb.Above 710 wcb expect 800 900 1000+
kaveri seedskaveri seeds weekly chart, break out and reversed from longterm resistance level 680, and one more at 700 levels, if it crosses them we may see 1000 range
Value Investing 2: Kaveri Seeds Company Limited% Debt of Market capital: <1% (Negligible debt)
PEG: 4.98 (Fast growth)
Beta: 1.46 (Volatile)
Fair value: 499.55 (Compare with current price)
Key buying/support level: 328-210
Fundamentals: www.fundata.in
KSCL - 4 Hourly ChartKSCL - Completed Bearish Butterfly Pattern. Price reversed from the PRZ and now waiting for the 1st Target.
KSCL#KSCL may post good result as per chart. Kscl if break 492 level we can se upside toward 500-510 level according to chart and if KSCL break 465 leel we can see downside toward 420 level.
