GALAXY SURFACTANTS | 80% returns | 3 year range breakout

2024년 9월 12일

GALAXY SURFACTANTS

Monthly time frame
Stock seems to have broken the descending triangle pattern, with retest also done
Stock riding above 20- & 50- month moving averages
RSI = 60, indicating bullish momentum
MACD crossover completed and is above the 0 line, indicating bullish momentum

Weekly time frame
Breakout and retest from the descending triangle pattern clearly visible
Breakout has happened near the crossover of all 3 moving averages,
Stock riding above 20-, 50- & 200-week moving averages
Stock has recently tested all 3 moving averages and bounced back
Golden cross approaching with 50 WMA about to cross 200 WMA
RSI > 60, indicating bullish momentum
MACD extending the crossover & above the 0 line, indicating bullish momentum

Daily time frame
Stock trading near the dotted white resistance trend line
Stock riding above 20-, 50- & 200-day moving averages
RSI > 60, indicating bullish momentum
MACD has extended the crossover & is above the 0 line, indicating bullish momentum

Conclusion
Entry: 3,200
Stop Loss: 2,700
Target 1: 3,600
Target 2: 4,400
Target 3: 5,700

Fundamentals
PE (36) < Industry PE (41) {Ideal scenario}
ROCE = 17% {Ideal > 15}
ROE = 15% {Ideal > 15}
Int Coverage = 19 {Ideal > 2}
Debt to equity = 0.09 {Ideal value < 1}
CF Operations / EBIT = 1.3 (Ideal > 1)
Promoter stake has remained consistent over the years > 70%
FII + DII participation > public participation

5월 14일

거래청산: 스탑 닿음

Stop loss hit on weekly candle of 23-Dec-2024