Pitti engPitti is showing a strong pattern, signaling upward momentum with a potential target of 1250 in the coming sessions!
PITTIENG trade ideas
Darvas Box Strategy - Break out Stock - Swing TradeDisclaimer: I am Not SEBI Registered adviser, please take advise from your financial adviser before investing in any stocks. Idea here shared is for education purpose only.
Stock has given break out. Buy above high. Keep this stock in watch list.
Buy above the High and do not forget to keep stop loss, best suitable for swing trading.
Target and Stop loss Shown on Chart. Risk to Reward Ratio/ Target Ratio 1:1 & 2
Stop loss can be Trail when it make new box / Swing.
Be Discipline, because discipline is the key to Success in Stock Market.
Trade what you See Not what you Think.
looking bullish and near breakouta recent reversal from a long term trendline.
near all time high ready for a breakout if volume supports then can give a good move
fundamentals also good.
this is just for information.
PITTIENG - BULLISHStock name = Pitti Engineering Limited.
Weekly chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Master Score - B
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI registered. please consult your financial advisor before taking any trade.
Pitti Engineering LtdPitti Engg. is engaged in the manufacturing of Electrical Steel Laminations, Motor Cores, Sub-Assemblies, Die-Cast Rotors, Press Tools and machining of metal components.
The product portfolio of the co. includes Sheet Metal used in 20+ end user industries , Precision Machining used for complex machining parts, & Assemblies. And the products under developments are Fabricated Assembles and Machining for Mining applications
Pitti - Daily chart breakoutBreakout in Pitti Engineering. Previous SL can be a possible stop. Enter with own discretion.
# Pitti Engg Hold for long term with stoploss .. good fundamentals and shown resilience during big falls of index... stock has strength ...
Pitti Engineering LtdENTRY - 320 -330 levels
SL - 290
Hold for Longterm
Market Cap
₹ 1,214 Cr.
Current Price
₹ 379
Stock P/E
20.6
Book Value
₹ 104
Dividend Yield
0.40 %
ROCE
18.2 %
ROE
19.0 %
Face Value
₹ 5.00
Promoter holding
59.3 %
EPS last year
₹ 18.4
EPS latest quarter
₹ 7.75
Debt
₹ 356 Cr.
Pledged percentage
20.5 %
Net CF
₹ 32.1 Cr.
Price to Cash Flow
5.48
Free Cash Flow
₹ 117 Cr.
Debt to equity
1.07
OPM last year
13.8 %
OPM 5Year
14.3 %
Reserves
₹ 318 Cr.
Price to book value
3.64
Int Coverage
2.79
PEG Ratio
0.55
PITTI BUY @ 372.75entry 372.75
qty 35
sl 349.65
nice breakout on all time frames
took half position.
VCPVCP characteristics
Breakout on above average volumes
Trading above key moving averages
Entry at 332 with 10% position size
Stop at day low
Publishing for my own reference. Not an investment/trading advice.
PITTIENG NSE BULLISHVIEW ABOVE 215PITTIENG NSE is bullish if 215 holds. New Lifetime High. Fresh Breakout.
*** Educational purpose only.
NSE:PITTIENG
