Positional trading pick!
#HINDOILEXP might head towards 300 levels
Fundamentals:
- Mcap: 2471 cr; P/E: 9.31
- ROCE: 20.4%; ROE: 24.1%
- 3 yr Sales/PAT CAGR: 40%, 24%
Technicals:
- Trend changed to uptrend in Apr'23
- Price retested the breakout zone in Aug'23
- No follow-through selling after Aug'23 sell-off
- Price consolidated towards channel support for the last 5 months
- Price forming a higher high & breaking out with volumes this week
Stop - 167 or 10.7%
#HINDOILEXP might head towards 300 levels
Fundamentals:
- Mcap: 2471 cr; P/E: 9.31
- ROCE: 20.4%; ROE: 24.1%
- 3 yr Sales/PAT CAGR: 40%, 24%
Technicals:
- Trend changed to uptrend in Apr'23
- Price retested the breakout zone in Aug'23
- No follow-through selling after Aug'23 sell-off
- Price consolidated towards channel support for the last 5 months
- Price forming a higher high & breaking out with volumes this week
Stop - 167 or 10.7%
Penafian
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Penafian
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.