Disclaimer : This post is just an effort for learning few methods of price-patterns. Views are personal and are purely based on our limited knowledge of charts. No buy/sell recommendations. These are probability study methods and chances of success/failure depend upon various factors
Engineers India has built a strong orderbook and fundamentally this looks a strong stock. However, this has mostly been a value trap and thus looking at your inputs. Technically also the stock seem to have a strong resistance at 90 and support at 72.
Good pick Bharat Wire n Ropes. Good set of results with EPS fy 23 now nearing 10 Rs. Had it not been for deferred tax entry qtrly EPS wud hv been 4.5 ?? Vies invited.
Whats the tgt u hv in mind. First Concall at 12 noon on 27 April 23 which itself is a big hint for good future like first PPT.
Did listen to their conference call. They are getting subsidies from Maharashtra government equal to their GST valid till FY25. This is the reason for their very high EBIDTA margin(28% last quarter). This will dip from FY26 if the subsidy is not extended.
Disclaimer :This post is just for learning few methods of price-patterns. Views are personal. No buy/sell recommendations. These are probability study methods and chances of success/failure depend upon various factors.
Disclaimer :This post is just for learning few methods of price-patterns. Views are personal. No buy/sell recommendations. These are probability study methods and chances of success/failure depend upon various factors.
Disclaimer :This post is just for learning few methods of price-patterns. Views are personal. No buy/sell recommendations. These are probability study methods and chances of success/failure depend upon various factors.
Maruti - We tend to avoid Japanese companies unless they’re in some very core old style businesses .Whichever businesses there can be disruptions, they would be wiped off.
Reasons :slow in change, old technologies, old -age management .
MGL -We like the chart. We would like it more once it starts closing above the yellow line.
