TURNING BULLISH: RATTANINDIA ENTERPRISES

17 wrz 2024

RattanIndia has been in uptrend for the past couple of sessions.
Price above the short-, medium-, and long-term moving averages indicates strong momentum.
20EMA decisively crossed above 50EMA with decent volume.
Resistance levels: 86, 93 levels
Support: 77, 71 levels
Pros based on Fundamental Analysis:

Stock meets most CANSLIM Investment requirements.

• Business with strong TTM EPS Growth and robust yearly EPS growth.
  
• Excellent quarterly growth in the most recent data.
  
• Businesses with increasing net profit margins on both a quarterly and TTM basis.
  
• Net Profit Growth as Profit Margin Increases (QoQ).
  
• Increasing Profit Margin and Growth in Quarterly Net Profit (YoY).
  
• The company's ability to generate net cash has improved its net cash flow over the last two years, and
  
• DII or FIIs have increased their shareholding.
  
• Current Outcomes: Operating Profit Growth along with Rising Operating Margin (YoY).
  

8 paź 2024

Uwaga

RTNINDIA is trading near the important support level of 71.
If the volume supports, we can expect a good breakout to 86 and 93 levels.