Vinati Organics seems to have formed a Triple bottom Vinati Organics Ltd. CMP – 1758.45 (Long Term Investment Idea / Trying to come out of the slump)
Market Capitalization Rs 18,073.7Cr
Red Flags:🟥
High Valuation (P.E. = 44.3)
Green Flags:🟩
No debt
Zero promoter pledge
FIIs are increasing stake
MFs are increasing stake
Improving annual net profit
Improving cash from operations annual
Previous Happy Candles Number – 53/100
New Happy Candles Number – 55/100
X/3 Fresh Entry/ averaging / compounding after closing above 1778 (Tracking Quantity).
Second Entry 1835
Final Entry 1902
Targets: 1960 and 2002
Long term target: 2035
Stop loss: Closing below 1693
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Vinati
VINATI ORGANICS - HIGH PROBABILITY SETUPA) Prior trend top
B) First bottom after correction from high.
C) Pull back from first bottom.
D) Second bottom that undercuts first bottom which is an
ideal setup of a double bottom as per William O Neil .
Price retracing back to hold 10 week ma.
E) Pivot point for a possible buy. 1680 plus. Stop 8% below buy point.
Fundamentally,
YoY quarterly EPS growth has been witnessing triple digit
growth in the last three quarters.
Decent RoE at 18%.
Postive operating CFs.
74% promoter holding.
Institutional holding 4%.
d/e nil.