Pros & Constraints
✅ Strong niche in winding wires, critical for motors, fans, appliances
✅ Decent ROCE suggests capital efficiency
✅ Low to moderate debt gives balance sheet strength
⚠️ Valuation is already elevated (P/E ~35), which leaves less margin for error
⚠️ ROE is modest vs peers; margins in this business can be volatile
📈 Technical / Positional Setup (4h / Daily Context)
From your chart:
The price has formed a base / consolidation zone roughly between ₹180–₹195 (highlighted box). It just broke above that range.
The EMAs (short ones) seem to be turning upward, and price is trending above them.
This breakout above consolidation is a positive sign, provided it holds with volume.
Trade Plan
Parameter Suggested Level / Zone
Entry On confirmation above ~ ₹195–₹197
Support / SL ₹180–₹185 zone, or slightly below consolidation
Target 1 ₹210–₹220
Target 2 ₹240+ (if momentum persists)
If price retests the breakout zone near ₹190–₹195 and holds, that's another favorable entry.
Volume confirmation is important: a breakout with weak volume is risky.
✅ Strong niche in winding wires, critical for motors, fans, appliances
✅ Decent ROCE suggests capital efficiency
✅ Low to moderate debt gives balance sheet strength
⚠️ Valuation is already elevated (P/E ~35), which leaves less margin for error
⚠️ ROE is modest vs peers; margins in this business can be volatile
📈 Technical / Positional Setup (4h / Daily Context)
From your chart:
The price has formed a base / consolidation zone roughly between ₹180–₹195 (highlighted box). It just broke above that range.
The EMAs (short ones) seem to be turning upward, and price is trending above them.
This breakout above consolidation is a positive sign, provided it holds with volume.
Trade Plan
Parameter Suggested Level / Zone
Entry On confirmation above ~ ₹195–₹197
Support / SL ₹180–₹185 zone, or slightly below consolidation
Target 1 ₹210–₹220
Target 2 ₹240+ (if momentum persists)
If price retests the breakout zone near ₹190–₹195 and holds, that's another favorable entry.
Volume confirmation is important: a breakout with weak volume is risky.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.