Stock Study

NJ78

Well-Known Member
#1
Steel Strips Wheels
Beaten down stock of the equally beaten down automotive sector. Despite good fundamentals & strong EPS, this stock has been mirroring the decline in its auto peers. However, price is currently at a historical demand zone and RSI is near the oversold region. Going by past data, the next move will decide the fate of this scrip. Note that the chart is of the weekly time frame which makes price action more significant.
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NJ78

Well-Known Member
#3
Pudumjee Paper Products
Another oversold small cap (actually micro cap) stock in the paper space which follows a commodity cycle. Fundamentally, it's a dividend paying company with increasing assets, a steady balance sheet & a healthy ROCE of 14.19%. Technically, it remains to be seen if the lower demand zone holds. Chart is of the weekly time frame.
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NJ78

Well-Known Member
#4
Alphageo India
This small cap company has all the characteristics of a moat given its involvement in seismic exploration & geographical surveying. PE is 5.57, Dividend yield 1.94%, 3-yr Sales growth 80%, ROCE 36.22%, EPS 85.43 for 2018. Financially, none of this company's peers have this kind of overall valuation. On the chart, I've got 5 years of weekly data. Keep a watch on price action at demand zones B & C.
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ALPHAGEO_Weekly.png
 

NJ78

Well-Known Member
#5
Indian Toners & Developers
This is a debt-free, dividend paying company in the niche specialty chemicals space with increased promoter holding, ROCE of 20.74%, PE 7.39 and price equal to book value. On the 3-yr chart attached, check out the extended consolidation over several weeks to the left before that massive, multibagger move to the upside. A similar kind of accumulation is happening now as well, as clear on the weekly time frame. Watch the demand zone. History might repeat.
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Indian Toners & Developers.png
 

NJ78

Well-Known Member
#9
Pokarna
Back in 2017, Pokarna became Ikea's exclusive partner in India in the area of engineered quartz stone. Right now, I'm seeing the beginnings of an uptrend from the proximity of a well-established demand zone. Chart is of the weekly time frame.
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