BHARATWIRECompany Details
Business: Bharat Wire Ropes manufactures and distributes wire ropes and allied products used in various sectors including infrastructure, construction, mining, and shipping.
Recent Performance:
The company's share price has increased significantly over the past year, gaining around 198.7%.
Bharat Wire Ropes has shown good revenue and profit growth over the past 3 years.
Technicals:
The stock is currently trading in a channel range.
A break above ₹300 could signal a potential uptrend.
Targets based on technical analysis: ₹404, ₹598, ₹917 (Please note, this is for informational purposes only and should not be considered financial advice)
Overall, Bharat Wire Ropes appears to be a company with strong growth potential. However, investors should carefully consider the company's financials, risks, and technical indicators before making any investment decisions.
Disclaimer:
This analysis is for informational purposes only and should not be considered financial advice. Please consult with a qualified financial advisor before making any investment decisions.
BHARATWIRE
#astramicro #stockstobuy #trading #investing #Nifty #BankNifty NSE: ASTRAMICRO
CMP: 308.90
TARGET 424 37% Return on Equity ( Return on Investment )
STOP LOSS 271
RR > 3
Time frame 6m.
NSE:ASTRAMICRO
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia