GOLDIAM - Could be a gold mine in the Mid Term :-)An Investment pick, for target of 372,50% + ROI, after the all time high of 272 is taken off.
The stock is strong in all higher time frames. Showing Fibonacci 61% retracement in Monthly, moving strong to take off the Swing High at 272.
Volumes and Price action confirmation in weekly.
One may accumulate in dips till 164 levels. Stock structure becomes weak only on weekly closing less than 164.
One may consider entry based on risk management.
GOLDIAM
📈 Exciting Bullish Pattern Alert! 🐂📊 Pattern: Symmetric Triangle
📌 Symbol/Asset: Goldiam International
🔍 Description: Stock at pattern's strong support
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
Goldiam International Investment ideaFundamentals:-
Company has reduced debt.
Company is almost debt free.
Company is expected to give good quarter
Company has delivered good profit growth of 37.6% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 24.1%
Technicals:-
Seems bouncing from demand zone.
Closed above resistance trendline.
Good for investment around 120-140.
SL closing below 105.
24% dividend is cherry on top.
Education purpose only. not a sebi registered advisor.
Saptarish Trading