Butterfly Gandhimathi AppliacncesKindly do your own study
This stock was fallen big time. Now stock is ready to fly. Appliances don't fly.
5 monthly stock has taken support of median of BB
Monthly stock has crossed median of BB
Monthly MACD has turned down to uptick
Monthly RSI is above 50
Weekly price is above 50 EMA, 100 EMA and 200 EMA. Price is challenged upper bollinger band and volumes are above average.
Targets are big
Weekly MACD is in PCO and just going above zero line
Weekly RSI is in momentum
Weekly ADX is strong and +DI crossed -DI.
BUTTERFLY trade ideas
butterfly gandhima appliancesbutterfly gandhima is now at the point of consolidation all time high breakout and it can give a better return for the swing trade,
this company is a very fundamentally strong so you can hold for the ong term
buy at 1430
target 1550,1650 & if break 1700 then can achieve big target of 300 points 2100 for the swing tade
for the long term you can hold.
(Note: we are not a SEBI registered)
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butterflyBGAL has shown consistent improvement in financial performance parameters with lower working capital days, reduction in debt and improved return ratios. The brokerage expects it to maintain RoCE of 30%+ in FY24E. It expects revenue and earnings to grow at CAGR of 17.7% and 34.4%, respectively, over FY21-24E. It has assigned P/E multiple at reasonable discount compared to its listed larger peers. The fair value of the stock is Rs 950 (21x Sep’23E EPS) and the bull case fair value is Rs 1016
BUTTERFLY - BUY AT CURRENT LEVELS 183-180 FOR PULLBACKBUTTERFLY - BUY AT CURRENT LEVELS 183-180 FOR PULLBACK
BUTTERFLY MADE A RECENT HIGH OF AROUND 212 AND SINCE THEN SHOWING CORRECTION
NIFTY ALSO WAS DOWN 100 PTS TODAY. SO ASSUMING SMART PULL BACK , THIS STOCK HAS GOOD PROSPECTS OF
REACHING 200 LEVELS QUICKLY .
THIS IS NOT HIGH LIQUID STOCK . SO TRADE WITH CAUTION SHORT TERM TARGET 200