In-Depth Analysis of PSPPROJECT (NSE: PSPPROJECT)📊 #PSPPROJECT Analysis 📈
🔍 Weekly Chart: Successful breakout and retest of falling trendline, supported by RSI breakout. 📉
📉 Trade Setup:
💼 Entry: CMP 778
🛑 SL: 730
🎯 Targets: 818, 844
⚠️ Disclaimer: Trading involves risk. Always do your research. #StockMarket #TradingSignals #stockmarketindia #investing101 #technicalanalysis🚀
PSPPROJECT trade ideas
PSP Projects looking to Push harder and forwardPSP Projects Limited is a multidisciplinary construction company offering a diversified range of construction and allied services across industrial, institutional, government, government residential and residential projects in India. The company mainly offers construction value chain and provides end to end support in construction activities.
PSP Projects CMP is 777.60. Negative aspects of the company are declining annual net profits and promoter holding decreasing. Positive aspects of the company are no debt, improving cash from operations annual, FIIs are increasing stake, MFs are increasing stake.
Entry can be taken after closing above 780. Targets in the stock will be 800 and 819. Long term target in the stock will be 847 and 871. Stop loss in the stock should be maintained at closing below 707.
PSP Projects - Will this cross ATHPSP Projects - 3 attempts made to cross ATH. It did cross on 3rd one, but did not sustain at all. Making one more try. 590 needs to be surpassed for a week with volumes. Once crossed ATH, looking for another 30% upside. Took a tracking position around 510. Will pyramid above 590. SL for this trade is 460 for now.
DISC: Not a SEBI Regd. I post charts for my own study.
Psp projects good fundamentals on 200maSitting on 200ma with a positive bias.
Good fundamentals:
Book Value: 126.98
Stock P/E: 15.37
Dividend Yield: 1.15 %
ROCE: 40.67 %
ROE: 31.20 %
Sales Growth (3Yrs): 55.24 %
Company is expected to give good quarter
Company has delivered good profit growth of 56.22% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 29.76%
Company has been maintaining a healthy dividend payout of 20.61%