Sadhna nitro looks good for 100++Breakout from multi peak area
Volume impressive
Technical call
Stop 92
Target 100..105
SADHNANIQ trade ideas
Sadhana nitrochem break out moveSadhana nitrochem have breaken out of long weekly channel. Minimum targe ot 40 - 45. If sustains and creates base around this, it can travel to 60 - 70 range.
May consolidate without going downSadhana is likely o consolidate till 26h March in the worst case and move up there after, if it does not break descending 1/1 resistance, on its its way up, on closing basis, till that date.
SADHNANIQ - A PROSPECTIVE MULTIBAGGER#SADHNANIQ
BSE listed
CMP 722
lONG SUGGESTED ABOVE 760
Stop 670
Target Open
Logic
Technicals
Stock in a strong uptrend with all key MAs sloping upwards.
VCP observed in daily charts.
Fundamentals
Strong exponential growth in eps in the last 4 quarters
Qn-4 Qn-3 Qn-2 Qn-1
Sales 15.27 15.9 27.38 51.39
Sales YoY qrly growth 20.1% 127.6% 166.8% 331.0%
OP 1.9 2.14 10.65 19.52
OP YoY qrly growth 19.6% 706.8% 730.6% 1730.5%
NP 0.83 8.08 21.86 22.32
NP YoY qrly gr 4050.0% -2706.5% 1648.8% 3620.0%
OPM 13.46% 38.90% 37.98% 52.84%
NPM 5.22% 29.51% 42.54% 33.91%
Promoter holding 74%
D/E 0.3
Operating cash flow mar 2017 to 2018 : 440% growth
Has taken a bearish channelUnless the channel is broken, it will find support at around 500. Closure above 580 is important
Closing above 423.5 is important for being out of influence of Closing at 423.5 is important for being out of influence of Gann Fan formed with base on 03.01.2018.
Further bullishness is seen in the counter.
