Monday 10 April 2017

Shorterm Rectangle Breakout : Buy for 30% Move

Setco Automotive
BSE: 505075 | NSE: SETCO | | SECTOR: AUTO ANCILLARIES

Market cap
Rs 546 Cr (Micro Cap)

P/E -20.47 Industry P/E :57.17

Dividend Yield 1.96 %    Debt Equity2.14

LTP 40.85
1. Rectangle Channel Breakout
2.RSI /MACD Indicator Supportive
3. Trading above all Moving avg. 
4.Company has been maintaining a healthy dividend payout of 32.16%

Buy the dip till 37.5 For tgt 52+
Timeframe: 2/4 weeks


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