NHC Food
NHC Food is BSE listed stock, saw a big surge in volumes yesterday,Surge of almost 50 times its normal volume. Did a quick study found 2 interesting pattern
NHC Food has completed its Bullish CYPHER pattern, Target of pattern comes in range of 28–30
NHC Food is can also form ABC pattern, pattern completion comes around 29-30 range which gives a substantial upside in short term.
Looking at above 2 patterns
Traders can initiate fresh long is range of 21-22.5 With SL at 20 Tgt of 28-30 in 1 month period.
The above Stocks is not investment pick as I am not expert in Fundamental analysis but a short term pick for gain of 10-20% purely based on Technical Analysis based on my Studies.Please also do your own study before trading this stock and trade in small quantity also be strict with Stoploss.
Did touch 20 today. But trading a little above it. Time to exit?
Dear Sir,
The news is out that promoters sold 5 lakh shares yesterday. this will have a neg. impact on the price in near future? just thought of checking with you.
We have Sl and Tgt mentioned.. its not an investment idea..
fundas:
very low Operating profit margin, of 1 – 3%
Capital gone from 3 to 1.5 and then balloned to 11Cr
Libilities gone up from 1 Cr to 53 Cr in 10 yrs
No consistent operating cash flow it moves from +ve to -ve to +ve again
with this borrowingfs they have created other assets and not fixesd assets
NP is 1.3 Cr and the husband wife together take 90 lakhs as salary
Website is very good, 🙂 Brands not so popular
On the whole it a good punting stock 🙂
thanks for sharing the fundamental perspective…
Hello Brahmesh sir. You have been a great guide when it comes to futures and options. Now that you have a dedicated followers of your work, i suggest you to not indulge in such stocks bound to be manipulated. Technical analysis on a stock with such low volumes doesnt make sense. Please refrain from the same. I speak for a group of 20-30 odd traders who follow your technicals dedicatedly. Thanks !!
Dear Vikramji,
There is always a misconception TA does not work on Small caps, I do not buy that theory..
There are many traders who cannot trade in F&O due to increase in contract size. Also all my stock analysis is based on certain technical backed by SL. Now its a traders discretion to take or not.. Sybly almost doubled from the levels we took the trade.. So we should always be open towards opportunity as and when it comes..
actually, my comment was not about anything , it was just a followup of what you wrote, “The above Stocks is not investment pick as I am not expert in Fundamental analysis but a short term pick for gain of 10-20% purely based on Technical Analysis based on my Studies”
It actually helps in knowing the fundamentals not for anything, but the quality of management.. Such management are bound to manipulate the price
As you rightly said, It is not an investment stock.. just a 10 to 20 % jump////