#SFL CMP 1686 Long suggested above 1715 Stop 1590 Target Open
Logic Weekly chart Stock witnessed a 31% correction from 52 wk high with relatively low volumes after which stock has recovered with huge volumes. Stock also has broken out of a rectangular pattern with huge volumes post which has been consolidating with very tight contraction in price as well as volume, which is a very good sign of a possible breakout. Hence long suggested at the high of the current contraction base which is 1715.
Fundamental parameters D/E nil ROE 25% Sales and Profit growth has been reasonably in a general uptrend in the last 3-4 quarters. Promoter holding 85%. Low float stock with free float 1156 cr out of the total market cap of 8261 crores.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.