Stock Recommendation Of The Day :
V-GUARD INDUSTRIES LTD.
Buy/Sell/Hold? Short - Mid Term View 9 April 2017 For Trading Positional Technical Analysis Recommendation
The Stock has been in continuous up move since April 2016, about one year.
It is not without reason however. The company has emerged as a huge brand in electric appliances and the sales of the company has been growing at a higher than industry average CAGR.
The valuation of the equity share of the company is also cheaper looking at a 30 Rs plus EPS in terms of Price Earnings Ratio.
The company is expanding into new product lines in its sector.
The stock price look very much promising to even double from here.
For swing trader, appropriate entry and SL level is required depending on their entry.
For Anyone wanting to take position can consider averaging around 150-180 in case it comes down in any unforeseen market correction. Stock up move is very much given with a target of 280 in 30 days and 400 in about less than 25 weeks.
Relevant Charts are given for your reference. Click on the charts for bigger view.
This is only a brief commentary, you can contact us for complete research, analysis and view on the stock.
Views on stocks and market as a whole may change at any time, on account of changes in various types of macro related factors, company specific factors and such other news, events. So please do not hesitate to contact us in case you are following any of our research.
