Eveready getting ready for a breakout
Eveready Industries Ltd. CMP – 355.60
Market Capitalization Rs 2,584.8Cr
Red Flags:🟥
High Valuation (P.E. = 62.5)
Declining annual net profit
Declining cash from operations annual
Green Flags:🟩
No debt
Low debt
Zero promoter pledge
FIIs are increasing stake
MFs are increasing stake
Previous Happy Candles Number – 50/100
New Happy Candles Number – 50/100
X/2 Fresh Entry/ averaging / compounding after closing above 361
Final Entry 373
Targets: 383, 397 and 411
Long term target: 425 and 441
Stop loss: Closing below 335
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Market Capitalization Rs 2,584.8Cr
Red Flags:🟥
High Valuation (P.E. = 62.5)
Declining annual net profit
Declining cash from operations annual
Green Flags:🟩
No debt
Low debt
Zero promoter pledge
FIIs are increasing stake
MFs are increasing stake
Previous Happy Candles Number – 50/100
New Happy Candles Number – 50/100
X/2 Fresh Entry/ averaging / compounding after closing above 361
Final Entry 373
Targets: 383, 397 and 411
Long term target: 425 and 441
Stop loss: Closing below 335
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Happy Candles Investment