Ratnamani Metals & tubes Ltd. is a company manufacturing pipes and tubes of Mild steel, Stainless steel, Alloy steel as well as Titanium welded tubes. They also provide anti-corrosive coating solutions for pipes in addition to induction bending solutions.
Negative aspect of the company is that Mutual funds are decreasing stake and net cash flow is on a decline....
Ratnamani metals weekly chart : perfect cup and handle pattern.......companies ROCE is around 27 and ROE 21% with almost debt free ..... price to book is around 6.5
RATNAMANI - CMP 1996.45
In Scope Details
Breaking Out the Triangle pattern which has three resistance
Risk would be less
Higher time frame it looks too good
Immediate stop would be 1881
Trade at your own risk, if you are benefited out this analysis, plz feed a poor.
Plz share and comment your thought if any. thanks
Ratnamani swing opportunity in on daily TF.
CMP - 2220
Target - 2350
if any doubt please ask it.
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For educational purpose only.
i am not sebi registered.
Do your own analysis.
Please consult your financial advisor.
RATNAMANI MET & TBS Positive Breakout for information see in chart
Note:- this is not a call or recommendation. I'm not responsible for your profit or loss
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below the support zone & the lower trendline. The target is placed near resistance.
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below the support zone & the lower trendline. The target is placed near resistance.
chart is giving cup handle pattern
long after breakout of 2240
can be potential upside for 10 to 15 %
will update once breakout happens
happy trading,
Samkit Jain
The stock has reached lower trendline and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone & the lower trendline. The target is placed near resistance.
Ratnamani Metals gave a perfect breakout today of cup with handle pattern. All levels on the chart. This is a good stock for medium term. Accumulate it on dips.
Ratnamani metals seems interesting at a breakout level.
The valuation has been corrected back to 20 P/E that is at 2014 levels.
Market cap/sales is at 1.7, a good near term historic levels
Fundamentally net cash company with excellent return ratios
Promoters structure better than APL group
Ratnamani after breakout consolidating buy cmp next Target 1200+++ SL 804 Holding Duration 1 year
Ratnamani Metals bags export order worth $22.14 million
