Sunday 12 November 2017

Rectangle Channel Breakout : Expecting 135/185+

Nelcast Ltd
Group / Index :B / S&P BSE SmallCap  Bse Code:532864  Sector:CASTINGS & FORGINGS

LTP 79

1. 1.5 year Rectangle Channel Pattern Breakout.
2. Trading above All Important Major Moving avg.
3.Company has reduced debt.
4.Company has been maintaining a healthy dividend payout of 23.78%
5. NetSales (Quarterly) Highest at 179.65 Cr in last five quarters.
6. EPS (Quarterly)  Highest at 1.15 rs in last give quarters.
7. Net Profit (Quarterly)  Highest at 10.03 Cr in last give quarters.
8. 75% Promoter holding. 

Watch Near 76-69 SLCB 63.50 Target 135/185+ 
Expected TimeFrame :8/14 month or soon

Longterm Target 222++

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