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Sep 18, 2023 4:22 PM

CUP AND HANDLE Long

BCL INDUSTRIES LTDNSE

Description

• weekly chart analysis
• cup and handle chart pattern breakout
• one year to breakout cup and handle pattern
• stock treading at the 557 level and 530–535 as a breakout of the pattern.
• target for the chart patterns 680


fundamental analysis
positive for the stock
1) PE RATIO < INDUSRTY PE
2) PEG BELOW 1
3) ROE > 15%
4) ROCE NEAREST 15%
Business Segments
Edible Oil and Vanaspati
Distillery
Real Estate

NEGATIVE FOR THE STOCK
1) DEBT TO EQUITY RATIO APROX 1
2) EV/EBITDA HIGH
3) NO ONE MUTUAL FUND AND FII BUYING
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