PNB Gilts : Fundamental & TechnicalsStrong Fundamental with sales and profits growth.
a) P/E 4.81 b) P/B 0.96 c) ROE 38.50 % d) ROCE 8.34% e) Dividend Yield 13.61% i.e., Rs 10 per share f) Operating Income has grown well for the company over past 3 years CAGR 38.02%
Technical
The price was consolidating inside Darvas Box past 6month and given a Resistance breakout
Entry will be at retest level Rs 72, Target Rs 78.25, 82.80 & 94.50 and Stop Loss Rs 67.80
Thanks
Disclaimer: Consult your financial advisor for trading, inv
Rectangle
Nifty Metal : detailed price analysisNSE:CNXMETAL
Price spread analysis of metals index:
1)very wide spread bearish candle, but no downside follow through
2) weak upmove, range of candles on upside very low, took 4 weeks time to reach 5900 level, where it took just 1 week to fall
3) again a very wide spread bearish candle, limited downside implications
4) ease of movement still on downside, yet sellers fail to take out previous swing lows
5) one more attempt by sellers, but narrower spread, first signs of selling pressure re
H
GOKEX | 16Yr CUP Breakout Candidate |Huge Bull Run AheadNSE:GOKEX
16 Yr Long Rounding Bottom Pattern or CUP Pattern Formation in Monthly Charts
Stock near Resistance Zone
Consistent Buying Volume & Strong Momentum
Once Breakout above resistance zone on Monthly Closing Basis
Tgt : 610 - 751- 981
However, using Fibonacci Tgt is upto 1700
SL : 315
GOKEX is major exporter and rising export demand for textile is good for this gem company
Sumitomo Chemical Cmp 419 dated 4-2-2022Sumitomo Chemical Cmp 419 dated 4-2-2022
1. Rectangle BO @ 411
2. Long TrendLine BO @ 420
3. Hammer Candle Stick High @ 419
4. Rounding Pattern on chart.
5. High Volumes.
6. Debt free Company.
Buy above 420 for a tgt of 480-540 SL 390
It is just a view, pls trade at your own risk.























