Navkar Corporation Ltd - Preparing for a 2x move
#NAVKARCORP
CMP : ₹.118.95/-
Date : 18-02-2024
Navkar Corporation Ltd is a company engaged in container freight station operations and related activities. A very low debt company with zero promoter pledge having 70% promoter holdings. ROE, ROA improving for last 2 years. Positive cash flow is another strength of the company. Now the stock is near its 52 week high. Fundamentally and technically stock is looking good. A partially completed round bottom pattern can be seen from charts. Tending to break it's 4 year long resistance trend line. If it breaks we can expect a 2x move from the current levels.
Disclaimer : Post only for educational purpose. Not a buying / selling recommendation. This is only my personal view. I am not a SEBI registered analyst . Do your own analysis and act accordingly
CMP : ₹.118.95/-
Date : 18-02-2024
Navkar Corporation Ltd is a company engaged in container freight station operations and related activities. A very low debt company with zero promoter pledge having 70% promoter holdings. ROE, ROA improving for last 2 years. Positive cash flow is another strength of the company. Now the stock is near its 52 week high. Fundamentally and technically stock is looking good. A partially completed round bottom pattern can be seen from charts. Tending to break it's 4 year long resistance trend line. If it breaks we can expect a 2x move from the current levels.
Disclaimer : Post only for educational purpose. Not a buying / selling recommendation. This is only my personal view. I am not a SEBI registered analyst . Do your own analysis and act accordingly
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