Maithan Alloys Ltd.
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Maithan Alloys looking solid after consolidation.

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Maithan Alloys Ltd. manufactures and exports manganese alloys. Its products include Ferro Silicon, Ferro Manganese, and Silicon Manganese. The firm also generates and supplies wind power.

Maithan Alloys Ltd. Closing price is 1092. Dividend Yield CMP = 1.48%. The positive aspects of the company are attractive Valuation (P.E. = 4.7), Companies with Zero Promoter Pledge, Companies with Low Debt, Rising Net Cash Flow and Cash from Operating activity, Annual Profit Growth higher than Sector Profit Growth and FII / FPI or Institutions increasing their shareholding. The Negative aspects of the company are Increasing Trend in Non-Core Income and Stocks Underperforming their Industry Price Change in the Quarter.

Entry can be taken after closing above 1098 Historical Resistance in the stock will be 1149 and 1187. PEAK Historic Resistance in the stock will be 1221 and 1275. Stop loss in the stock should be maintained at Closing below 1036 or 999 depending upon your risk taking ability.

Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.

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