Mold-tek Packaging Limited Bullish RSI Divergence.Mold-tek Packaging Limited with Bullish RSI Divergence price getting Rejected at support wait for break of trend line with momentum to go long.
MOLDTKPAC trade ideas
Moldtek packing for positional tradeThis is only for education purpose only. Please check your own analysis before you take a trade
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Mold-Tek Packaging Slow and SteadyCMP: 726
Target 1: 812
Target 2: 874
Thereafter, Ride the trend as long as the trend line is respected.
Seems to be in Wave 5 but time will tell if the graph needs to be readjusted since wave 4 was pretty short a dip.
ROCE ~ 19%
ROE ~ 17.5
Debt to Equity: 0.39 (Has been improving constantly for previous 5-6 quarters)
PEG: 0.37
PE: 35 (Vs Industry 14.7)
Holdings: Promoters: 35%, Institutions: 22.6% (Mutual Funds increased their holding by around 0.9%)
EBIT Growth (5 yrs) ~ 21%
Sales Growth YoY ~ 72%
Future Earnings Growth for Industry on Average. Mold-Tek is likely going to outperform this ~25% YoY
Despite Covid, net sales in FY 21 were up as opposed to FY 20 along with Net Profit.
Cashflow also increased by 15% last year.
PAT: ~ 194%. PBT also highest in last 5 quarters.
Quarterly Sales went down in June hence there was a drop but this quarter's projection are factored in hence it has been running like a horse.
Volumes Increasing Decently
Moving Average Daily Chart (5d, 20d, 50d, 100d, 200d): Bullish
Bollinger Bands: Bullish
MACD (Monthly): Bullish
RSI: Bearish
Insiders have been selling for last two quarters though they bought as well in the two quarters before that.
Bullish NSE:MOLDTKPACBuy = 515.65
SL = 497.65
Target 1 = 551.65
Target 2 = 569.65
13/09/2021
Bullish NSE:MOLDTKPAC-->Mold-Tek Packaging Ltd
Buy for short term
A pattern you would love to trade | S01e13This amazing share here gave a good consolidation breakout | | A triple layer parallel channel is broken for above
Pattern is good and a potential trade can be activated from here now will see what happens :)
Risk management is must :)
A Cup and Handle.Range contraction with shrinking volume and Inside weeks. A worthy candidate to track for breakout.
Mold tek expcted trajectoryBSE:MOLDTEK Expected to cover the bearish divergence with RSI
Also a wegde formation expected
MOLDTKPAC buy 304 Target 500Stock ready for Big Breakout buy CMP target 500 hold for 3-4 Months
EPS for Mold Tek Packaging Ltd has increased to ₹12.45 from ₹9.7
Ashish Kacholia buys 5.63 Lakhs shares of Mold Tek Packaging
