Kalyani Investment - 2yr Breakout / 1yr channel breakout
Suggested by monkmaxims
Fundamentals:
Investment arm of the multi billion kalyani group.
It has 3 stocks in its portfolio - Hikal, Bharat Forge and BF Utilities (All kalyani group companies).
Net worth is 10000cr and the market cap of this is just 800 cr.
It is a biz only investment and it's like a holding company, yet the discount seems huge.
The stock had been in low vol accumulation for a year. Few weeks back the volumes have started increasing, and has now broken out on significant volume with a Gap up. The gap up has been immediately filled, so lesser chances of coming back again. Looking at the previous high volume bars, bigger volumes are expected further.
SL: Below weekly breakout candle.
Target: Breakdown of 20MA after 15% rise.
I reserve the right to be wrong.
Disc: I'm not a SEBI registered analyst. Please consult your financial advisor before investing.
Fundamentals:
Investment arm of the multi billion kalyani group.
It has 3 stocks in its portfolio - Hikal, Bharat Forge and BF Utilities (All kalyani group companies).
Net worth is 10000cr and the market cap of this is just 800 cr.
It is a biz only investment and it's like a holding company, yet the discount seems huge.
The stock had been in low vol accumulation for a year. Few weeks back the volumes have started increasing, and has now broken out on significant volume with a Gap up. The gap up has been immediately filled, so lesser chances of coming back again. Looking at the previous high volume bars, bigger volumes are expected further.
SL: Below weekly breakout candle.
Target: Breakdown of 20MA after 15% rise.
I reserve the right to be wrong.
Disc: I'm not a SEBI registered analyst. Please consult your financial advisor before investing.
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.