BALU FORGE Breakout all time high and closed strong candle SL bellow 240 TGT 414,636 and this is only for educational purpose
balu forge broke its ATH on yesterdays trading day. is looking super solid on charts Volumes rising, need to susatin 290 levels for a week or so if it does it is buy and forget type of stock. i am saying 288-90 levels because we can have cushion of break out and if retest the levels shall buy on dips. Disclaimer - idea is for educational purpose not a recommendation.
Possible breakout candidate Balu forge. Nice consolidation happening Keep a watch
BUY - TARGET AND SL IN CHART Market Cap ₹ 1,514 Cr. Price when posted ₹ 182 High / Low ₹ 194 / 52.0 Stock P/E 47.3 Book Value ₹ 23.0 Dividend Yield 0.06 % ROCE 24.1 % ROE 18.3 % Face Value ₹ 10.0 Promoter holding 65.4 % EPS last year ₹ 3.84 EPS latest quarter ₹ 1.39 Debt ₹ 51.9 Cr. Pledged percentage 0.00 % Net CF ₹ -1.02 Cr. Price to Cash...