BSE:RACLGEAR has a good price action structure.
Much of the analysis done on chart.
Targets- 800/860/900+
Sl: below 620
Position size accordingly. HAPPY TRADING!
#RACLGEAR
BSE listed
Long suggested above 73.
Stop 65
Target Open
Logic :
#VCP
Volatility contraction pattern
A TO B 43%
C TO D 23%
E TO F 13%
Fundamentals
Qn-4 Qn-3 Qn-2 Qn-1
Sales 13.1% 18.7% 77.0% 53.1%
OP -0.7% -9.0% 13.7% 165.3%
NP 53.7% 45.2% 68.0% 147.7%
OPM 8.50% 8.80% 14.76% 13.36%
NPM 3.23% 4.68% 10.71% 4.20%
Positives -
EPS has been on...