You will get fundamental as well as technical analysis of multi-bagger stocks, especially selected for investors who wonder how to select stocks for investment.
1. V2RETAIL
FUNDAMENTAL QUICKLOOK
- Revenue and Profit level have gone down mainly due to lockdown impact
- In spite of low revenue income, the company has able to reduce its Debt to Equity ratio from 1.11 to 0.18 during FY 2020-21
- V2Retail Ltd. Is engaged in running wide chain of retail stores and pioneered the concept of Hyper-Market in India suppling wide range of products from home utilities to garments, mobiles, stationery items.(source: Money Control) Post pandemic situation when the markets are un-locked, positive impact on this retail chain is inevitable.
TECHNICAL VIEW
- Impact of easing of Lock-down has clearly been seen in the weekly chart.
- Current Price is 128.65 which 16% higher than previous week's Close
- The immediate resistance is at 150 level.
- Once it crosses that then it may ride the trend to achieve T1 at 180, T2 at 320 and T3 at 450 range.
- The delivery volume has been significant during the past few weeks, which shows start of upward journey for the stock. Ref below chart taken from Money Control.
TECHNICAL CHART
source: TradingView
FUNDAMENTAL QUICKLOOK
- Revenue and Net Profit have gone down due to Covid Pandemic
- The improvement in Lockdown situation shows Real Estate Sector has started booming
- The company has maintained very low Debt to Equity ratio
- Also read hospitality and textile industry related blog for a better overview of the sector.
TECHNICAL VIEW
- Price has started up move with heavy volume during past weeks starting from Jun-2021
- Formation of Reverse Head and Shoulder pattern
- Price has broken the shoulder range with a break-out well supported by huge volume
- The price has started going up after a healthy retracement and took support near the same shoulder range which shows it has got potential to clear 530 as well as 700 range.
TECHNICAL CHART
source: TradingView
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September 11, 2021
Tags :
cash
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chart
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fundamental
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investment
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retail trader
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technical
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