Hi Guys
The idea behind this post is to Alert about possible breakout candidates. It is not a recommendation to Buy. I am just sharing with you the study done by me. It is for individuals to see if an oppurtunity exists and captitalize on it.
The Possible breakout is candidate is MAHINDRA UGINE STEEL.
MAHINDRA UGINE gapped up on Friday with huge volume. Closed up 14.500 at 126.750. Volume was 1,652% above average.
Fridays Quote
Open High Low Close Volume
114.900 134.700 114.900 126.750 866,680
TECHNICAL DETAILS
Technical Outlook
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 108.43 106.65 98.61
Volatility: 84 57 68
Volume: 104,377 42,217 72,714
Technical Indicators
The Stochastic Oscillator is 75.3363.
The current value of the RSI is 72.11. This is an overbought Indication.
The current value of the CCI is 256.This is an overbought Indication.
MACD has generated a BUY signal.
Chande Momentum Oscillator is 37.8893.
SOME FUNDAMENTALS
Business: Manufacturers and dealers of mild, tool, alloy and special steels.
Financials
The company has shown 46% increase in sales for the year-ended March 2005 compared to the previous year. PAT increased by 689%.
However the 1st quarter of 2005-2006 shows a decrease of 3% in sales and 43.9% in PAT.
EPS for 2005 was 17.9 compared to 1.9 for 2004
Share Holding Pattern as of June
Promoter : 53.4
Mutual Funds : 5.32
Other Institutions : 9.89
FII : 7.25
Public : 19.06
The company declared a dividend of 30% and approved during the AGM in July
The price chart is also enclosed for ready reference.
Hope you will find this usefull. Please post your comment if any.
regards
karthik
The idea behind this post is to Alert about possible breakout candidates. It is not a recommendation to Buy. I am just sharing with you the study done by me. It is for individuals to see if an oppurtunity exists and captitalize on it.
The Possible breakout is candidate is MAHINDRA UGINE STEEL.
MAHINDRA UGINE gapped up on Friday with huge volume. Closed up 14.500 at 126.750. Volume was 1,652% above average.
Fridays Quote
Open High Low Close Volume
114.900 134.700 114.900 126.750 866,680
TECHNICAL DETAILS
Technical Outlook
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 108.43 106.65 98.61
Volatility: 84 57 68
Volume: 104,377 42,217 72,714
Technical Indicators
The Stochastic Oscillator is 75.3363.
The current value of the RSI is 72.11. This is an overbought Indication.
The current value of the CCI is 256.This is an overbought Indication.
MACD has generated a BUY signal.
Chande Momentum Oscillator is 37.8893.
SOME FUNDAMENTALS
Business: Manufacturers and dealers of mild, tool, alloy and special steels.
Financials
The company has shown 46% increase in sales for the year-ended March 2005 compared to the previous year. PAT increased by 689%.
However the 1st quarter of 2005-2006 shows a decrease of 3% in sales and 43.9% in PAT.
EPS for 2005 was 17.9 compared to 1.9 for 2004
Share Holding Pattern as of June
Promoter : 53.4
Mutual Funds : 5.32
Other Institutions : 9.89
FII : 7.25
Public : 19.06
The company declared a dividend of 30% and approved during the AGM in July
The price chart is also enclosed for ready reference.
Hope you will find this usefull. Please post your comment if any.
regards
karthik
Last edited: