Stock name = Pitti Engineering Limited. Weekly chart setup Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Master Score - B Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling...
Pitti Engg. is engaged in the manufacturing of Electrical Steel Laminations, Motor Cores, Sub-Assemblies, Die-Cast Rotors, Press Tools and machining of metal components. The product portfolio of the co. includes Sheet Metal used in 20+ end user industries , Precision Machining used for complex machining parts, & Assemblies. And the products under developments are...
Breakout in Pitti Engineering. Previous SL can be a possible stop. Enter with own discretion.
Hold for long term with stoploss .. good fundamentals and shown resilience during big falls of index... stock has strength ...
ENTRY - 320 -330 levels SL - 290 Hold for Longterm Market Cap ₹ 1,214 Cr. Current Price ₹ 379 Stock P/E 20.6 Book Value ₹ 104 Dividend Yield 0.40 % ROCE 18.2 % ROE 19.0 % Face Value ₹ 5.00 Promoter holding 59.3 % EPS last year ₹ 18.4 EPS latest quarter ₹ 7.75 Debt ₹ 356 Cr. Pledged percentage 20.5 % Net CF ₹ 32.1 Cr. Price to Cash...
entry 372.75 qty 35 sl 349.65 nice breakout on all time frames took half position.
Daily and weekly uptrend All notes are in chart Good breakout yesterday
VCP characteristics Breakout on above average volumes Trading above key moving averages Entry at 332 with 10% position size Stop at day low Publishing for my own reference. Not an investment/trading advice.
good setup at 52week high can be added for swinh trade.
PITTIENG NSE is bullish if 215 holds. New Lifetime High. Fresh Breakout. *** Educational purpose only. NSE:PITTIENG