VCP
PERMAGN - VCP Pattern in progress - Buy Watchlist#MK
#PERMAGN
#BSE listed stock
Permanent Magnets Limited
CMP 101
Buy ONLY above 115.
Stop 99
Target Open (Trail 10 weeks MA)
#VCP
33W 48/11 5T in progress.
Fundamentals
Positives:
YoY quarterly profit has shown a significant uptrend in the last 4 quarters.
Margins have also been steadily increasing.
Promoter holding 71.80%
Negatives:
Debt equity at 0.93
0.36% of shares pledged by promoters.
Qn-4 Qn-3 Qn-2 Qn-1
Sales 26.36% 30.92% 49.01% 18.20%
OP -9300.00% 19.80% 29.86% 1052.63%
NP -190.00% 36.11% 270.83% 444.44%
OPM 5.48% 5.35% 7.77% 14.95%
NPM 1.07% 2.17% 7.39% 10.04%
$CGC: Technically ready to run supported by good fundamentalsPositive Reversal on Daily.
Weekly is positive.
Volume is above 50day-avg
Valid 3T VCP -0.24% (Mark Minervini Concept).
$CGC is a licensed producer of medical marijuana 0.00% in Canada.
Drug Manufacturer - speciality 6.34% (HealthCare)
Type: Mid-Growth
#Entry at breakout of $36.00 with volume on daily frame.
Stop at $33.33 (or -8%)