BUTTERFLY - PRICE REVERSAL POST CORRECTION OF 64%

٢٥ يونيو ٢٠٢٤

Hi All,

This idea is about Butterfly Gandhimathi Appliances Ltd

CAUTION: Please keep in mind that FY24 was not at all good for this company and this idea is purely based on technical analysis

Weak Fundamentals

Market Cap - 1500 Cr
Stock PE - 184
ROE - 2.8%
ROCE - 5%
Promoter Holding - 75%
D/E - 0.01

Technicals

Post correction of 64%, price has reached a point where horizontal & rising support meet and price action is showing signs of reversal

This is a weekly chart & therefore time is required in order to reach different targets marked on the chart namely T1, T2, T3

Happy Trading,
Stock-n-Shine

٢٦ يونيو ٢٠٢٤

تم فتح الصفقة

3% up already since yesterday