Rajratan Global Wire Ltd - Medium to Long-Term Analysis (8-12 mo
Market Cap (Mcap): ₹3,410 Cr
Current Market Price (CMP): ₹671.75
52-Week High/Low: ₹1,300.00/₹605.10
PE Ratio: 47.47 | PB Ratio: 10.12
Weekly Chart Analysis:
Channel Pattern: The stock has been moving in a channel pattern on the weekly chart.
Bollinger Bands Breakout: Slight breakout from the lower Bollinger Band, with a reversal indicating potential upward movement.
52-Week Low: Currently trading close to the 52-week low, presenting a possible value opportunity.
Trading Strategy (Weekly):
Entry Price Range: ₹685 - ₹700
Stop-loss Range: ₹610 - ₹623
Target Price Range: ₹829 - ₹835
Monthly Chart Analysis:
Longer-Term View: Considering the monthly chart for a broader perspective.
Extended Target: Target price extended to ₹1004 - ₹1100 for a longer-term view.
Trading Strategy (Monthly):
Entry Price Range: ₹685 - ₹700
Stop-loss Range: ₹610 - ₹623
Extended Target Price Range: ₹1004 - ₹1100
Note:
This analysis is for informational purposes only and should not be considered as financial advice. Investing involves risks, and past performance is not indicative of future results. Before making any investment decisions, conduct thorough research or consult with a financial advisor. The suggested entry, stop-loss, and target prices are based on technical and fundamental analysis and are subject to market conditions and changes.
Current Market Price (CMP): ₹671.75
52-Week High/Low: ₹1,300.00/₹605.10
PE Ratio: 47.47 | PB Ratio: 10.12
Weekly Chart Analysis:
Channel Pattern: The stock has been moving in a channel pattern on the weekly chart.
Bollinger Bands Breakout: Slight breakout from the lower Bollinger Band, with a reversal indicating potential upward movement.
52-Week Low: Currently trading close to the 52-week low, presenting a possible value opportunity.
Trading Strategy (Weekly):
Entry Price Range: ₹685 - ₹700
Stop-loss Range: ₹610 - ₹623
Target Price Range: ₹829 - ₹835
Monthly Chart Analysis:
Longer-Term View: Considering the monthly chart for a broader perspective.
Extended Target: Target price extended to ₹1004 - ₹1100 for a longer-term view.
Trading Strategy (Monthly):
Entry Price Range: ₹685 - ₹700
Stop-loss Range: ₹610 - ₹623
Extended Target Price Range: ₹1004 - ₹1100
Note:
This analysis is for informational purposes only and should not be considered as financial advice. Investing involves risks, and past performance is not indicative of future results. Before making any investment decisions, conduct thorough research or consult with a financial advisor. The suggested entry, stop-loss, and target prices are based on technical and fundamental analysis and are subject to market conditions and changes.
Feragatname
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