Positive :-
Company with high TTM EPS Growth.
Growth in net profit with increasing profit margin QOQ
Negative :-
Company not able to generate net cash.
Falling Wedge Breakout
Fundamentally Strong Company
Target 1: 955
About the Company:
Nelco, a part of Tata Group, started in 1940 as a electronics company. Nelco offers solutions in areas of VSAT connectivity, Satcom Projects and Integrated Security & Surveillance Solutions
Entry at cmp 715 or best entry at 695
2 month Target 820
Strong sl 672
From March 2023 this counter is in bulish trend and it must be continue till 820
Nelco Ltd. is a company having its first name of Tata Group is indulged in the operations of System Integration and Product Management for Industrial Solutions, Electronics, Defense Electronics, VSAT Networks and Automation, and offers other related services. Its CMP – 816.7. Negatives of Nelco are so that they have high valuations (P.E. = 106.6). Positives are...
Entry in NELCO can be taken after closing above 987.6. Targets for the stock will be 1049 and 1095. Stop loss in the stock should be maintained at a closing below 840. NELCO is a TATA group company. NELCO is a company into Satellite Communications. Nelco Limited holds the VSAT License, Internet Service Provider (ISP) License as well as the Inflight & Maritime...
Weekly formation of sanku (white rectangle three candles, marked with green flag.
Wolf wave under progress
D.side 559,506,465
U.side 1275,1400,1800
Time frame 12 to 15 months. To
Chart for study purpose.Sub. to vary if uneven happens,trade in consultation with fin.advisor.
stock is breaking a box range . and didn't show any weakness while was in range, volumes are coming , price is above 200 MA, can be taken bullish position with sl(at 199)
NELCO - After such long runup in Elliott wave , should crack 50% and must correct down to 150/160 levels in wave . Long term count is very good. Can be a good compounder for next 10 yrs or so, but not multibagger.
NELCO: LCP @ 78.80
Fundamentally:
Being a TATA Group Company, deals with Communication Equipment & services like
#1. Tatanet VSAT is Satellite based Communications service to support Internet, Data, video, LAN
#2. Integrated Management of Indoor and Outdoor Security Systems .
#3. Innovative Turnkey Meteorological Solutions Including life cycle maintenance
#4....
