Scrip has given breakout from right leg of H&S inverted pattern and gap is formed however, breakaway gap is needed with bulls taking the lead for momentum.
Bullish momentum sign
1) SMA - Price range is above SMA-15 and SMA-200 and SMA-15 is above SMA-200 which gives strength to ongoing momentum
2) Didnt get affected much during recent NIFTY 0.70% corrections
3) Volume increase during past few sessions
4) Future positive forecast of the company due to several govt. reforms in pipeline:
rakesh-jhunjhunwala.in/vijay-kedia-buys-porinju-veliyaths-trillion-dollar-stock-recommendation/
Aiming towards Price target after confirmation. Rest in charts
screener.in/company/EVERESTIND/
Risk reward favorable with Price to book value: 1.75, Price to Sales: 0.54. Also, The company has reduced debt
However, Negative cash flow - Con should be kept to watch for
Bullish momentum sign
1) SMA - Price range is above SMA-15 and SMA-200 and SMA-15 is above SMA-200 which gives strength to ongoing momentum
2) Didnt get affected much during recent NIFTY 0.70% corrections
3) Volume increase during past few sessions
4) Future positive forecast of the company due to several govt. reforms in pipeline:
rakesh-jhunjhunwala.in/vijay-kedia-buys-porinju-veliyaths-trillion-dollar-stock-recommendation/
Aiming towards Price target after confirmation. Rest in charts
screener.in/company/EVERESTIND/
Risk reward favorable with Price to book value: 1.75, Price to Sales: 0.54. Also, The company has reduced debt
However, Negative cash flow - Con should be kept to watch for
Nota
Surging with high bullish momentum
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.