RKEC Projects Ltd.
شراء
تم تحديثه

RKEC - DOUBLE BOTTOM FORMATION WITH A BREAKOUT

1 007
Hi All,

THis idea is about RKEC Projects Ltd

Fundamentals

Mkt Cap - 308 Cr
Stock PE - 15
ROE - 12.5%
ROCE - 15.5%
Mkt Cap/Sale < 1
D/E - 0.83
Quick Ratio - 1.09

RKEC Projects Ltd is in the business of Civil and Defence Construction

Technical Analysis

As the chart depicts, the price went for a double bottom formation and give a contraction of more than 70% while forming both bottoms.

It has given a successful breakout and first resistance has been marked. This trade can continue till next results as it could give a surprise being in a sector which is having strong tail winds.

Happy Trading,

Thanks,
Stock-n-Shine
تم فتح الصفقة
UC at 10%
تم فتح الصفقة
8% move made a high of 143
تم فتح الصفقة
RKEC now 11% up from the price when idea was shared. It is trading at ATH with increasing retail participation
تم فتح الصفقة
Made a all time high of 148.7 & looking strong to make new highs

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