Seems BO will be there.
Given the market conditions, market has quickly rallied and a market correction should be there and expected. Moving from growth stocks to defensive stocks will be a smart move by retailers right? And it has not moved from AUG 21 levels....
Except covid time sales are good. I don't think we can compare it with adani. There is not much peer in jewellery business than Titan .
Читать полностью…Even if it is a new company the financials are available for past period before listing. Seems to be very struggling company among the peers. Again in the case of FII investments are now under radar like what we see in Adani stocks. Might be very cautious in long term.
Читать полностью…Couldn't see any strong fundamentals. And also high valuation. Is there any special reason for this view?
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Читать полностью…Wipro
Another stock for breakout study.
Given BO at 388 after making a W pattern from bottom.
Watch with SL at 378 /372
From July Q1 result will start coming. Hence there is chance of underperformed stock to perform.
This is not a buy call if someone is following.
Proper entry as of now in Kalyan jewellers for long-term is 120-130 range.
Stock have moved much and can correct with negative market condition.
Kalyan is relatively new to compare fundamentals being a newbie.still I found these things valuable.
Among the stocks listed along with Kalyan , this one is now double the listing value.
Excluding Titan among jewellery stocks ,Kalyan have good potential in India and overseas.
Look at FII share , which is now four times in 3 years.
During 2022 Jan -july when almost all stocks corrected , Kalyan didn't fell below previous low of 55.
Showing good increase of sales each year.
Kalyan is good stock for long term. Accumulate on each dip.
My view for this stock is a multi bagger.