TRIVENI TURBINE - DAY CHART - 09.01.2023 - BAHAVAN CAPITALTRIVENI TURBINE as per Day Chart Analysis Stock
ABOVE 264 TARGET 268
Today FII Net selling had come down considerably to 203.13 Cr and DII Net Buying increased to 1723.79 Cr.
Nifty Once Breaks the resistance at 18169 then the target is 18240 level.
Bank Nifty Once Breaks the resistance at 42716 then the target is 42932 level
Tomorrow Market trend to be on the positive side..
Happy Profitable Trading to all...
TRITURBINE trade ideas
TRITURBINE TREND REVERSAL Triveni Turbine Ltd has formed double top pattern on daily timeframe. In today's trading section it has given breakdown of it's neckline and also gave closing. We might see a down side move in the stock in upcoming trading sections. The next immediate support for stock is 248 Rs level.
Triveni Turbine Ltd.P&F Pattern: Monthly Basis
Strong Price & Vol. BuiltUp / BreakOut
*With Upside, Trail SL*
*Book Profit as per Risk Appetite*
*Snapshot*
Estab. in '80, engaged in Manufacturing/Supply of power generating equipment/solutions.
Mkt. leader in Steam Turbines upto 30MW (India).
Caters to >15 Sectors. Strong Revenue diversification.
Product/After Market Sales: 73%/27%. Dom/Exp. Revenue: 54%/46%.
Growing Sales/Profitability on Qtrly/Yrly Basis.
Sharp jump in RoA/RoE (Double Digits)/ RoCE down in FY22 vs. FY21.Strong/Growing TNW. Nil Debt.
+ve CF from Ops (Growing Sharply). Improving WC Cycle since FY20.
Promoter Stake Stable. FII stake Up since Sep'20. DII down since Dec'21.
Order Book: D/E=Rs.250 Crs/110 Crs (Q1FY23).
*Concern:*
Sales vulnerable to Capex cycle in end-user industries.
*Do Your Own Research as Well. This is Just an Opinion.*
Happy Investing :)