KDDL trade ideas
KDDL- Nice breakout.KDDL- Nice breakout.
Capital to be deployed- 20k
Price -1378-1390
Stoploss- 1200
Targets-2103/4200
#kddl #nifty50 #NiftyBank #investment #StockMarket #StocksToBuy
This watch-maker company's time has come!The company is an engineering firm engaged in the manufacturing of watch components, precision stamped components and progressive tools for various applications.
• Business is spread across retail and manufacturing of watch components and precision- engineered tools
Key Financials:
• Total Revenue for latest quarter increased ~34% YoY
• Net Profit for latest quarter increased by >67% YoY
• TTM Net Profit margin remained stable at ~5%
Red Flag Check:
• Promoter holding in the company has increased by 1.1% and is at ~51% with insignificant pledging
• Debt:Equity ratio is ~0.5 with ~5.5x interest coverage
• Stock is not under any exchange surveillance lists
Key Technicals:
• Stock has broken out of short term consolidation zone with heavy volumes into all time high territory
• Stock is steadily moving into higher price zones supported by volume
• Stock is showing higher relative strength compared to benchmark index
Disclaimer:
This is for informational purposes only. It is not intended to be a solicitation or an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The views and opinions expressed here are personal. The information contained here has been obtained from sources believed to be reliable but is not necessarily complete, and its accuracy cannot be guaranteed. I may have positions in the securities or instruments shared as ideas. Do your own research OR consult a financial advisor for personalized investment advice.
KDDL NSE BULLISH ABOVE 630.KDDL NSE is bullish if 630 holds. New Lifetime high. Fresh breakout.
**** Educational purpose only.
NSE:KDDL
KDDL - A good one to go longCMP 484
Long suggested above 495.
Stop 420
Target Open
Logic:
Weekly chart
1) Passes MM trend template.
2) Price currently bounced from value zone and trading just above R4 cam pivots with good volumes.
3) Price has pierced the trend line resistance and has bounced back after making the first test with good volumes.
3) Fundamentally has been clocking triple digit growth in eps and sales for the last 4-5 quarters consistently.
