Wait for 200 SMA to come closer for long termWait for 200 SMA to come closer for long term. It can consolidate for some time near 200 SMA and then give a breakout.
KILITCH trade ideas
KILITEC Drugs21/07/2024
KILITEC Drugs
CMP: 360.55
Entry above 365
Target: 380-430-470
SL :333
Information is only for study purpose
KILITCHBuy above:- 213
Stop Loss:- 165
Target:- 260
Time :- 45 trading days
The company is based on pharmaceutical company it is engaged in the manufacturing and sale of pharmaceutical products
KILITCH - C & H patternKILITCH
CMP 157
Spotted slightly late / Buying suggested on retracements 145-155
Stop 125
Target - Open
Logic :
Techncials:
C&H sort of pattern observed with Volume replicating the price pattern;
Breakout happened with huge volumes (@ 138).
Fundamentals:
Exponential growth in fundamental parameters for the past 4 quarters (YoY).
Qn-4 Qn-3 Qn-2 Qn-1
Sales 155.6% 79.8% 87.4% 313.8%
OP -200.0% 174.7% 190.4% 2407.1%
NP -362.4% 160.9% 395.7% 3575.0%
OPM 7.56% 16.63% 15.35% 11.55%
NPM 14.92% 13.79% 14.52% 14.91%
