STOCK DISCOVERY 28-AUG-2021
Based on the weekly analysis, we have found out few good stocks which can be included in your watchlist.
Placed below the analysis based on Fundamental as well as Technical Chart for traders to go through.
- ADSL - Allied Digital Services Ltd.
FUNDAMENTAL QUICKLOOK
- Consistent Growth in Revenue YoY basis.
- Net Profit is also Steady
- Very Low Debt to Equity (0.11)
- Current RoE is 4.08% and has potential to yield more
- Recently the company has won a 6 Year Contract valued at Rs.650 cr for providing services to a US based automotive giant.
- Consistent Growth in Revenue YoY basis.
- Net Profit is also Steady
- Very Low Debt to Equity (0.11)
- Current RoE is 4.08% and has potential to yield more
- Recently the company has won a 6 Year Contract valued at Rs.650 cr for providing services to a US based automotive giant.
TECHNICAL CHART:
TECHNICAL VIEWPOINT:
- Placed above is the Monthly Chart of ADSL
- The stock has formed a huge W pattern and is trading near the resistance zone which seems to be broken in coming trading sessions.
- In case it breaks the next immediate target looks like 250.
- The change of breaking the W pattern resistance is very high because there is a news mentioned in the fundamental section of this blog.
2. OIL - Oil India Ltd. 
- Placed above is the Monthly Chart of ADSL
- The stock has formed a huge W pattern and is trading near the resistance zone which seems to be broken in coming trading sessions.
- In case it breaks the next immediate target looks like 250.
- The change of breaking the W pattern resistance is very high because there is a news mentioned in the fundamental section of this blog.
FUNDAMENTAL QUICKLOOK
- Steady Growth in Revenue YoY basis.
- Net Profit is also Steady
- Debt to Equity ratio is standing at 0.82
- Very good RoE which stands at 14.9 as on Mar-2021
- High volumes are seen in recent days
- Delivery percentage is also high during the last week
TECHNICAL CHART:
TECHNICAL VIEWPOINT:
- Price is trading at 175which has crossed the resistance of 97 week high with volume.
- Price may consolidate at 188 which is the immediate resistance.
- Once it crosses the 188 mark, it may touch 225 which may be kept as 1st target.
- In case it closes below 152, this setup will become invalid.
3. TWL - Titagarh Wagons Ltd.
FUNDAMENTAL QUICKLOOK
- Revenue has been consistently maintained above 1200 cr. Net Profit is also showing improvement Debt to
- Equity ratio is growing slightly and standing at 1.01 As per recent news in the Business Line "the Kolkata-based Titagarh Wagons, one of the largest wagon-makers in the country, scripted a turnaround in its Italian operations – with the subsidiary turning EBITDA positive – while it looks at 'internationalization' of its freight wagon business by targeting new export markets such as Africa and Australia"
- Due to ban on China products in India, the company has recently got order for supplying 5000 wagons for 34 trains in Pune Metro Project.
TECHNICAL CHART:
TECHNICAL VIEWPOINT:
- Price has crossed 160 week high of 97 with a strong Pull Back Weekly Candle
- Volume activities has been increased during past 15 weeks shows interest of big players in the stock
- The Stock may test the next immediate resistance at 120 after which it may rally up to 180
***
Related Posts :
Subscribe by Email
Follow Updates Articles from This Blog via Email
1 Comments
Good
Reply DeleteIf you have any doubt, please let me know.