IMPAL trade ideas
IMPAL--LONG BUYAfter completion of 4th wave share volume delivery volume are rising and from last 4 days are above 90% .Has a high book value of 1654 on march 23. share capital constitutes 90% of bonus promotor hold directly 38% and through sundaram fin 18% and NBFC 18% i.e total 75% approx 8.3% are held by FPI only 17 % is with public that to some family member holding large chunk of public holding and share has been rewarding shareholder every 6-7 years by liberal bonus and rising dividend . buy for hansome gain and a target of 1475 minimum .
IMPAL--BUY BUYpositive divergence in hourly chart and indicating end of fourth wave .Once crosses 1050 level will show more power for a target of 1400-1500 level. company has more investments then its present value . Its equity consists of 99 percent bonus . now again ripe for bonus and quite possible split also.
IMPAL--BUYit is gunning for breakout which happens at 840 level where multiple resistance is placed . If crosses 840 we have a minimum target of 1178
Indian Motor Parts and Accessories-Nice breakoutIndian Motor Parts and Accessories-Nice breakout.
Capital to be deployed- 20k
Investing Price -815-825
Breakout Price -813
Stoploss-771
Targets-888/1030/1427
#Indianmotorsparts #nifty50 #NiftyBank #investment #StockMarket #StocksToBuy
IMPAL--BUY LONGSindian motor parts ltd having a book value of more then 900 and TTEPS of 73.78 gave good result inspite of high raw material cost. Dividend yield 1.73 . EMA 10 is 750, EMA 20 is 747 , EMA 200 is 756 .EMA 50 is 747. soon to breakout of contracting triangle today volume rising, accumulating since last one year and TODAY TRADING ABOVE ALL MOVING AVERAGE buy for a target of 940 in short term and long term target of 1300+.
IMPAL--COMPELLING BUYconsolidating in a range of 760 to 775 from last three months having great book value of above 1000 rs and good dividend yield stocks looking good on chart buy with a small stop
impal impulsive buyminimum target in long run of 863. and 672 is the channel resistance rising on volume increase of 200 %
Impal - Breakout on Weekly Chart Price and RSI have broken out of downtrend since 2018. Risk Reward looks good.
