Signet Industries has an operating revenue of Rs. 826.99 Cr. on a trailing 12-month basis. Annual revenue de-growth of -6% needs improvement, Pre-tax margin of 1% needs improvement, ROE of 7% is fair but needs improvement. The company has a reasonable debt to equity of 39%, which signals a healthy balance sheet.
it made high in june still its trading in a same zone
mohit0025
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i entered @39 but it's trading in consolidation zone after touching new high 58. my target was 70 but it isn't moving can i hold it or make an exit ?
charting.student
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@mohit25moolchandani, This consolidation has characteristics of an Accumulation. Both volumes (Cause as well as Effort visible) and Price Structure shows strength. While the recent company Numbers are not great, promoters increasing stake suggests there is some good news that may come in the near future. I believe 70 is a good target to have and price may go beyond 70 too.
charting.student
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Great entry at 39!! @mohit25moolchandani,
mohit0025
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👍 thanku sir
mohit0025
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looks like a big rounding pattern to me in weekly charts have a look