Technical Setup:
The stock has successfully transitioned from a Stage 1 base into Stage 2 uptrend, marked by a strong breakout on volume.
A flag & pole continuation pattern is visible after the steep rally, suggesting ongoing institutional accumulation.
Relative Strength line vs. Nifty is strongly positive, highlighting sectoral and stock-specific outperformance.
Currently trading above all key moving averages, placed comfortably at ~18% above 50DMA and ~26% above 200DMA – confirming strength in trend.
Price is hovering around just -1% below the pivot point, which lies within the ideal buying range for breakout traders.
Fundamental View:
Trailing 12-month operating revenue: ₹1,369.29 Cr.
Annual revenue growth: 2% (modest, but stable).
Pre-tax margin: 7% (reasonable).
ROE: 17%, an exceptional return on equity for the sector.
Debt-to-equity ratio: 34%, healthy leverage with no red flags.
O’Neil Methodology Scores:
EPS Rank: 87 – reflects consistent earnings performance.
RS Rating: 85 – strong relative price strength vs. peers.
Buyer Demand: A – confirms strong accumulation and demand surge.
Group Rank: 29 – belongs to the strong Electrical – Power/Equipment industry group.
Institutional holding has shown a decline in the last reported quarter, which is a minor negative to track.
Summary:
Eveready Industries has displayed a textbook stage-wise breakout with clear technical confirmation (volume burst, RS leadership, flag & pole continuation). Fundamentals remain solid, with strong ROE, healthy balance sheet, and improving demand outlook. While revenue growth is modest, the technical and O’Neil strength suggest momentum is likely to continue.
📌 View: Bullish bias – stock looks positioned for further upside as long as it sustains above its breakout zone.
Disclaimer: This stock analysis report is for informational purposes only and should not be considered as a buy or sell recommendation.
The stock has successfully transitioned from a Stage 1 base into Stage 2 uptrend, marked by a strong breakout on volume.
A flag & pole continuation pattern is visible after the steep rally, suggesting ongoing institutional accumulation.
Relative Strength line vs. Nifty is strongly positive, highlighting sectoral and stock-specific outperformance.
Currently trading above all key moving averages, placed comfortably at ~18% above 50DMA and ~26% above 200DMA – confirming strength in trend.
Price is hovering around just -1% below the pivot point, which lies within the ideal buying range for breakout traders.
Fundamental View:
Trailing 12-month operating revenue: ₹1,369.29 Cr.
Annual revenue growth: 2% (modest, but stable).
Pre-tax margin: 7% (reasonable).
ROE: 17%, an exceptional return on equity for the sector.
Debt-to-equity ratio: 34%, healthy leverage with no red flags.
O’Neil Methodology Scores:
EPS Rank: 87 – reflects consistent earnings performance.
RS Rating: 85 – strong relative price strength vs. peers.
Buyer Demand: A – confirms strong accumulation and demand surge.
Group Rank: 29 – belongs to the strong Electrical – Power/Equipment industry group.
Institutional holding has shown a decline in the last reported quarter, which is a minor negative to track.
Summary:
Eveready Industries has displayed a textbook stage-wise breakout with clear technical confirmation (volume burst, RS leadership, flag & pole continuation). Fundamentals remain solid, with strong ROE, healthy balance sheet, and improving demand outlook. While revenue growth is modest, the technical and O’Neil strength suggest momentum is likely to continue.
📌 View: Bullish bias – stock looks positioned for further upside as long as it sustains above its breakout zone.
Disclaimer: This stock analysis report is for informational purposes only and should not be considered as a buy or sell recommendation.
إخلاء المسؤولية
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.