Visaka Industries IdeaAs per my technical analysis, NSE:VISAKAIND is now given a breakout above level of 80. 90 is not best entry level with stop loss of 79 (-11 points risk only). My expected upside target would be 97 & 119. This could be low risk and high reward trading idea.
Note: This is my personal analysis, only to learn stock market behavior. Kindly do your own analysis/research or consult with your SEBI Registered advisor before take any positions.
Thanks.
Visaka
VISAKA may Whisk upwards from here...Visaka Industries CMP 637.1 is a company into cement and cement products which has a turnover of around Rs 1101 Crores. The company is trading at attractive valuations of PE of around 8.8. It is a low debt company where FIIs are increasing their hold. EPS of the company is growing strongly. Cash flow of the company is also increasing for operating activity. X/2 Entry can be taken in the counter first at closing above 640 and second at closing above 675. Targets will be 708 and 776. Stop loss should be maintained at closing below 580.