DECCANCE trade ideas
Deccan Cements LtdCurrently this counter is expensive - Not Cheap valuation
Technically bullish after breakout
Market Cap
₹ 1,135 Cr.
Current Price
₹ 810
Stock P/E
65.8
Book Value
₹ 509
Dividend Yield
0.37 %
ROCE
7.67 %
ROE
7.08 %
Face Value
₹ 5.00
Price to book value
1.60
Intrinsic Value
₹ 120
PEG Ratio
42.2
Price to Sales
1.80
Debt
₹ 611 Cr.
Debt to equity
0.86
Int Coverage
2.62
Reserves
₹ 707 Cr.
Promoter holding
56.2 %
Pledged percentage
0.00 %
EPS last year
₹ 26.6
Net CF
₹ 17.8 Cr.
Price to Cash Flow
20.0
Free Cash Flow
₹ -229 Cr.
OPM last year
12.0 %
Return on assets
3.83 %
Industry PE
54.6
Sales growth
-18.2 %
Amazing breakout on WEEKLY Timeframe - DECCANCECheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favor that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN WEEKLY TIMEFRAME ABOVE THIS LEVEL.
Checkout an amazing breakout happened in the stock in Weekly timeframe.
Breakouts happening in longer timeframe is way more powerful than the breakouts seen in Daily timeframe. You can blindly invest once the weekly candle closes above the breakout line and stay invested forever. Also these stocks breakouts are lifelong predictions, it means technically these breakouts happen giving more returns in the longer runs. Hence, even when the scrip makes a loss of 10% / 20% / 30% / 50%, the stock will regain and turn around. Once they again enter the same breakout level, they will flyyyyyyyyyyyy like a ROCKET if held in the portfolio in the longer run.
Time makes money, GREEDY & EGO will not make money.
Also, magically these breakouts tend to prove that the companies turn around and fundamentally becoming strong. Also the magic happens when more diversification is done in various sectors under various scripts with equal money invested in each N500 scripts.
The real deal is when to purchase and where to purchase the stock. That is where Breakout study comes into play.
LET'S PUMP IN SOME MONEY AND REVOLUTIONIZE THE NATION'S ECONOMY!
Key Support / Resistance Breakout - Swing TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
Key Support & Resistance Breakout. Stock has give Breakout of Resistance level. Keep in watch list. Buy above the high. Suitable for Swing Trade. Stop loss & Target Shown on Chart.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think.
Deccan cement - Good fundamental pickDeccan Cement has taken a support on 200 EMA and has given breakout from previous resistance level.
More power on sustaining.
If you like my analysis do like,comment and follow.
Disclaimer : Above information is for educational purpose only . Any trade taken will be at your own risk.
Deccan Cement: Accumulate for Mid-Long term CMP 406 Another chart for study the price action;
Deccan Cement: Accumulate on current levels for Mid-Long term : CMP 406
TGT 1 = 450,
TGT 2 = 500+,
ROI 1 = 11%
ROI 2 = 23%
Hold with Patience for Greater Reward, To Manage risk - Consult your Financial advisor