My purpose is only to share knowledge
through articles, and many peoples have taken as advice. I am also a common
person, doing chart analysis and sharing with you. Chart analysis means it is
only price moment predictions; it may be correct or wrong. However, as per
previous articles, our prediction ratio is good. To learn & earn, add your
own analysis too.
Ruchira
Papers Limited is engaged in the manufacturing of
Kraft Paper and Writing & Printing Paper.
Technical
Overview of RUCHIRA: If we see a history of the
stock price from January 2020 then it has shown rapid fall i.e. CORONA
spreading period. Around the end of March, the stock has taken rest near the
monthly support i.e. levels of 30. From this bottom stock price has gained till
50 rupees i.e. 65% just in 12 trading sessions. After this rally of 65%, the stock
has made bottom around 34 rupees i.e. Higher Low and next top is around levels
of 65 i.e. Higher High. Near levels of 65 stock has given confirmation of
Bearish Engulf near resistance plus 200 DMA and fallen from the same. Today it
has made Bullish Engulf near support and volume is too good. So now we can say
that stock has started the trend of Higher-High and Higher-Low.
Fundamentals:
The company has reduced debt.
Stock is trading at 0.45 times its book value.
Stock is providing a good dividend yield of 4.61%.
The company has good consistent profit growth of
21.57% over five years.
Telegram: https://t.me/Intraday_King
YouTube: Click here
Website: http://money4me.in/services.html
YouTube: Click here
Website: http://money4me.in/services.html
----------------------------------------------------------------------------------------------- Disclaimer: The contents produced here are purely for educational purposes. They should not be construed as buy/sell recommendations. I am not a SEBI registered Analyst or Investment Advisor. Readers are advised to consult their Investment advisor before taking any decisions based on the above write-up.
------------------------------------------------------------------------------------------------------------------
Nice Article. Thank you for sharing the informative article with us.
ReplyDeleteThis post is helpful to many people. stockinvestor.in is a stock related website which provides all stocks related information like new stocks and shares available in the stock market.
Bank Nifty
NSE