Nilkamal Plastics

#1
Dear Traderji,

I have purchased Nilkamal plastics @ Rs. 41/- in Mar,2004. Presently it is quoting around Rs.55/-. The Share is have a EPS of 16 & the book value is RS.128/- & this share is cum dividend at Rs.55/- Dividend is Rs.3 per share.
I have think is having attractive valuations at this rate & good fundamentals also. Can u suggest me whether i can buy more at this rate or not?

Regards,
Anil Bhatia
 

Traderji

Super Moderator
#2
Hello anil77_bh,

First of all Welcome to Traderji.com!

Nilkamal Plastic is currently in a trading range with 60 as the top of the range and 40 as the bottom of the range. Although recently it has made a higher bottom at 48.00.

An uptrend will only emerge once it breaks out of the 60.00 levels. Till then you can buy on a pullback or correction with a stoploss at 48.00
 
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