MEGASOFT LTDPanjang
MegaSoft On the verge of a breakout!
#Megasoft. ⚠️Risky bet
Technical.
- Trying to break out of a prolonged consolidation.
-Closed right below a previous resistance.
-The past few trading sessions price has been moving up with increased volume forming bullish candles.
🟢Entry Above-108.
🟢SL- Short term- 96- closing basis.
🟢SL-Positional,- 83, is very deep so trade very light.
🟢Target 1(Positional)- 138
🟢Target 2(Positional)- 185
Fundamentally Very Weak. Extreme caution should be exercised. The recent diversification might help them improve the fundamentals and it might be reflecting on the chart.
Brief about the Company.
Megasoft Limited, established in 1994 and headquartered in Hyderabad, India, operates primarily in the IT consulting and outsourcing industry. The company has recently diversified into sectors such as pharmaceuticals, defence, and manufacturing.
Corporate Restructuring: Megasoft has redefined its business focus to include pharmaceuticals, defence, and manufacturing, indicating a strategic shift towards these sectors.
Open Offer: Sri Power Generation (India) Private Limited made an open offer to acquire equity shares of Megasoft, signaling potential changes in the ownership structure.
Megasoft Limited is undergoing a strategic transformation by diversifying into new sectors. While the company has reported an increase in net profit and EPS, challenges remain, as indicated by certain financial ratios. Investors should monitor the company's restructuring efforts and their impact on financial performance in the coming years.
#TradingSignals #stocktobuy
Technical.
- Trying to break out of a prolonged consolidation.
-Closed right below a previous resistance.
-The past few trading sessions price has been moving up with increased volume forming bullish candles.
🟢Entry Above-108.
🟢SL- Short term- 96- closing basis.
🟢SL-Positional,- 83, is very deep so trade very light.
🟢Target 1(Positional)- 138
🟢Target 2(Positional)- 185
Fundamentally Very Weak. Extreme caution should be exercised. The recent diversification might help them improve the fundamentals and it might be reflecting on the chart.
Brief about the Company.
Megasoft Limited, established in 1994 and headquartered in Hyderabad, India, operates primarily in the IT consulting and outsourcing industry. The company has recently diversified into sectors such as pharmaceuticals, defence, and manufacturing.
Corporate Restructuring: Megasoft has redefined its business focus to include pharmaceuticals, defence, and manufacturing, indicating a strategic shift towards these sectors.
Open Offer: Sri Power Generation (India) Private Limited made an open offer to acquire equity shares of Megasoft, signaling potential changes in the ownership structure.
Megasoft Limited is undergoing a strategic transformation by diversifying into new sectors. While the company has reported an increase in net profit and EPS, challenges remain, as indicated by certain financial ratios. Investors should monitor the company's restructuring efforts and their impact on financial performance in the coming years.
#TradingSignals #stocktobuy
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