GMBREW CMP 660.GMBREW is a strong fundamental company with- PE = 10, PRICE to Book Value less than 2,Debt equal zero. ROCE and ROE around 20%. consistent net profit gainer every year. In this correction it trading at a best valuable price.And around 35% discount from last high.For long term player it is a best opportunity.Add this to your wachlist and find your own risk reward.i am not SEBI registered all profit loss is your own.Thanks.
GMBREW trade ideas
GM Breweries - Positional Trade Idea
📈 Breakout Setup
GM Breweries breaks above crucial resistance near ₹860 with increasing volume.
Entry: ₹862+
Target 1: ₹920
Target 2: ₹970
Stop-loss: ₹820
RSI at 64 indicates strong momentum. Watch for follow-through buying above the breakout level.
#GMBreweries #BreakoutTrade #PositionalTrade #NSE
GM BREWERIES - TECHNICALS plus FUNDAMENTALS - A STOCK TO INVESTINVESTMENT PICK of the year -- MONTHLY TIME FRAME BREAKOUT 🚀🚀
TECHNICAL VIEW
Overall view - - Technically this stock has given a shiny breakout in Monthly Time Frame of downward sloping trendline which suggest the stock have more potential and more bias upside.
Again, As per Elliot Wave theory, the stock has entered the 3rd wave which is the momentum wave in monthly timeframe.
KEY POINTS (TECHNICALS)
- Stock is trading All Time High
- It has given breakout in monthly time frame with power pack intensity of volume
- RSI (relative strength index) is above 70 in monthly as well as in weekly time frame which give momentum to the stock
- Price challenging upper Bollinger band which indicated the initiation of wave 3rd
LET'S TALK ABOUT FUNDAMENTALS
- Company's profit and sales are in increasing order 📈
- Company is fully debt free which gives an extra edge to company's growth
- Promoter's holding is 74% which is actually very good
- FII has increased its stake in last quarter
- Company's Price to Earning ratio (P/E ratio) is just around 13.9 to 14 compared to industry PE which is around 32, that indicated that the company is doing great in the industry and have more potential to grow in this industry
SOURCE- SCREENER.in and ticker finology
Conclusion
The stock is having bullish bias in long term as well as in short term analysing both - Fundamentally plus Technically, it can give us targets of 1300-1400 in long term, buying and averaging will be between 850 to 750
Disclaimer
I am not SEBI registered. consult your financial advisor before any kind of investment. All the studies and ideas posted here are for educational purpose.
THANK YOU
KARANN DINGRA 💰
GM BREWERIES - POTENTIAL 6 YR BREAKOUTHas been forming a symmetrical triangle and a breakout with close above 700 in this time frame would activate the potential target of 1300
As long as it holds abv the stop loss level of 630, I believe this stock can hit 1000 by year end spilling the balance potential over next year
Disclaimer: The idea is only for educational/information purpose only and does not constitute trading recommendation
GMBREWA big Bearish marubozu candle on chart top with huge volume that means price more fall upcoming days.
But 20 DEMA react as a support
If the price break today day low means confirmation done for shorts side trade.
Macd is showing Bearishness.
Log position avoid as now
If hold then book profit.
Disclaimer This is my personal view for education purpose only
No Buy sell recommendations.
Country liquor stock of IndiaGM BREWERIES country liquor stock of India.
Currently on support levels. Company is fundamentally good, but facing challenges from many small unregistered country liquor producers.
Company is also planning in production on Ethanol for which GOI is going to give good incentives.
NSE:GMBREW
GM Breweries - Breakout of 18 months consolidation above 480Price has tested 470-480 multiple times in the past 18 months and is currently in the consolidation phase / sideways Volume activity has been dry for few weeks which indicates either no interest in counter or silent accumulation. I am inclined towards silent accumulation as delivery percentage has been higher than average in the last week and significantly higher on the last effort to breakout day (yellow arrow). For delivery percentages, you can refer to the link provided below.
Entry strategy can be either of the two
1. Enter at current levels with addition to dips near last swing low of 400 and wait for breakout OR
2. Enter on breakout and add again near pullback to breakout zone of 475/480.
Targets highlighted with blue rays. Please note the idea published is on weekly timeframe.
Note: I am not registered with any financial authority in India and please do no construe the above comment as an investment advisory/ financial advise. I would request you to kindly do your own research or speak to your trusted (and registered) financial advisor for any action.