Shyam Metallics - Short term DARVAS technical trade
Shyam Metallics - Short term technical trade
Fundamentals
MCAP- 22500 Cr
PE - 20.48 = Industry PE of 20.51
PEG Ratio is 1.84
Debt to Equity is 0.06 and ICR is 9
ROE is 12%, ROCE is 10% ( 5yr ROCE is 21%)
Sales growth is 5%, 5yr Sales growth is 23%
Profit Growth is 74%, 5yr Profit growth is 11%
Promoter holding is 75%
Latest results - Excellent
Technicals
CMP - 808
Bullish - Above EMA 9, 21,63, 200 on daily charts , RSI(14) is 70
Commentary
Based on the Darvas box method, I expect Shyam Metaalics to continue trading up.
With CMP 808, it has breached its own all time high and I expect the trend to continue. The below targets are to ride this wave and catch as much upside as possible with little downside risk.
Target : 950-960
Stop Loss : 716 (If already invested) , more conservative stop loss would be 2-3% below CMP
Disclosure 1 - Invested
Disclosure 2 - Not SEBI Registered
Disclosure 3 - This is Not investment advice. Treat it as educational
Fundamentals
MCAP- 22500 Cr
PE - 20.48 = Industry PE of 20.51
PEG Ratio is 1.84
Debt to Equity is 0.06 and ICR is 9
ROE is 12%, ROCE is 10% ( 5yr ROCE is 21%)
Sales growth is 5%, 5yr Sales growth is 23%
Profit Growth is 74%, 5yr Profit growth is 11%
Promoter holding is 75%
Latest results - Excellent
Technicals
CMP - 808
Bullish - Above EMA 9, 21,63, 200 on daily charts , RSI(14) is 70
Commentary
Based on the Darvas box method, I expect Shyam Metaalics to continue trading up.
With CMP 808, it has breached its own all time high and I expect the trend to continue. The below targets are to ride this wave and catch as much upside as possible with little downside risk.
Target : 950-960
Stop Loss : 716 (If already invested) , more conservative stop loss would be 2-3% below CMP
Disclosure 1 - Invested
Disclosure 2 - Not SEBI Registered
Disclosure 3 - This is Not investment advice. Treat it as educational
Dagangan aktif
Shyam Metallics 900+Dagangan aktif
Shyam Metallics 942. Near target Dagangan ditutup: sasaran tercapai
Shyam Metallics reached 950+ 
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.