Sunday, 30 July 2017

3 Year Cup&Handle Breakout : Stock Ready for 898/2400

3 Year Cup&Handle Breakout : Stock Ready for 1070/2800

Industry :Finance/NBFC  Market cap :Rs 18,157 Cr (Mid Cap)

LTP 718

1. Three Year Weekly Cup&Handle Breakout
2. Monthly Triple Bottom Breakout
3. Daily Cup&Handle Pattern Breakout.
4. MACD is Above 0.
5. RSI is above 51.
6. Stock PE is 16.23 Whereas Industry PE 39.26.
7.Stock is trading at 1.19 times its book value
8.Company has been maintaining a healthy dividend payout of 35.45%
9.Company is expected to give good quarter Result.

Buy Near 694/667 SLCB 639 Target 1070+
Long Term  Target  1560/2800++ 

After Demerger of RELHOME... Buying & Tgt is changed..
Modified Level..
Buy Near  581/555 SLCB 534 Target 898+

Longterm Target 1320/2450++

If Close Below  534 CB Then Exit Asap.

Read Disclaimer Twice. 
Watch Below Video for detail analysis.

Modified Chart:

For Online/Offline Technical Analysis Training

#Disclaimer : If you trade stocks, you do at your own risk. Trading/Investing in stocks carry high risk. Any trade or action you take in the market is your own responsibility. will not be liable for any loss arising out of the use of any information on the website by anybody.