.Maharashtra Seamless breaking out from the monthly chart correction...best stock for longterm investor...stock expected to to cross levels of 1500 in next 2-3 years ...300 will be Stoploss for this stock..
Trend changed Do your own analysis before investing
Mah Seamless looking good to breakout from the accumulation zone and enter into markup zone. Enter above a close of 330 and target for 400.
This is looking very good on chart for swing. This is my personal view and not reco. NSE:MAHSEAMLES Education purpose only.
Statistical Brief Market Cap₹ 1,904 Cr. Current Price₹ 284 High / Low₹ 354 / 185 Debt to equity0.32 EPS₹ -13.2 ROCE10.7 % ROE5.24 % ROE 3Yr7.88 % ROE 5Yr5.44 % Return over 1year49.6 % Return over 3years-14.2 % Return over 5years10.3 % Profit growth-56.7 % Profit Var 3Yrs16.4 % Profit Var 5Yrs13.0 % Promoter holding63.8 % Pledged...
As can be seen the price is trading above the cloud. the Awesome oscillator has also turned positive. However weaker than the Nifty currently. nonetheless can be added on the dips. Conservative investors can wait for couple of weeks to check how it moves from here.