RKEC - DOUBLE BOTTOM FORMATION WITH A BREAKOUT

2024년 7월 5일

Hi All,

THis idea is about RKEC Projects Ltd

Fundamentals

Mkt Cap - 308 Cr
Stock PE - 15
ROE - 12.5%
ROCE - 15.5%
Mkt Cap/Sale < 1
D/E - 0.83
Quick Ratio - 1.09

RKEC Projects Ltd is in the business of Civil and Defence Construction

Technical Analysis

As the chart depicts, the price went for a double bottom formation and give a contraction of more than 70% while forming both bottoms.

It has given a successful breakout and first resistance has been marked. This trade can continue till next results as it could give a surprise being in a sector which is having strong tail winds.

Happy Trading,

Thanks,
Stock-n-Shine

2024년 7월 5일

액티브 트레이드

UC at 10%

2024년 7월 8일

액티브 트레이드

8% move made a high of 143

2024년 7월 20일

액티브 트레이드

RKEC now 11% up from the price when idea was shared. It is trading at ATH with increasing retail participation

2024년 7월 22일

액티브 트레이드

Made a all time high of 148.7 & looking strong to make new highs