Hello All,
Posting a Stock Analysis after a Long time !!
Our Subscribers for Equity Based Packages and Model Portfolio (19-20) are getting Regular Stock updates and I am Focused on Providing them Quality Stocks for Big Returns !! Many Guys on Social Platforms requested few updates through blog, so Posting a New Stock idea, Which Hopefully will give Fabulous Returns in the Next Year.
The Stock is from Sector : Diamonds and Jewellery
There are Few Good Frontline Stocks in this Sector which are doing good and Few are trapped in problems. I believe, this stock is getting benefits of problems with other stocks (I Hope I am right on this stock)
The Stock in Discussion today is :
As usual we will start with a Chart on Monthly Timeframe and will go down till Daily timeframe.
I Hope it's Very Clear Picture on the Monthly Chart.. The Stock has crashed in 2008's Market Crash and Spent almost 10 years in a range of 20-60, Then done a breakout to Move in a range of 50-100 for atleast 3 years. While moving in this range, the Stock has formed a Very Bullish Chart Pattern "CUP and HANDLE" which gives a Breakout above 100 levels. As per the Pattern the Targets of breakout come around 160-180 levels, The Targets may not come in a One Sided Move, But sustaining above 90 will be enough for the Stock to reach all expected targets.
Now Let's move to a Lower timeframe, Weekly Chart ..
As per the Chart, While the Stock was forming a Handle on Monthly Chart, On Weekly timeframe it formed Inverted Head and Shoulder Chart Pattern to Get Strength required for the handle breakout. The Inverted Head and Shoulder, Neckline breakout is placed around 90 levels, that's the reason I said it should trade above 90 to continue it's bullish momentum.
The Stock did the breakout above 90 and 100 with Strength Candle, Small Retracement of this move may be possible, But breaking 100 and 90 again seems very difficult.
The Delivery Percentage and Trading Volume during the breakout time was too high. it seems someone somewhere knows something about this company and is collecting big delivery.
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This is a Daily Timeframe Chart, it shows, how Retail traders are fooled on smaller timeframe charts... Triangle breakdown with GAP then Consolidation in small range and Suddenly One BIG STRENGTH Candle erasing all downtrend and getting breakout to 52 week high.
As I said earlier, The Company seems Strong on Fundamentals with More than 62% Promoter Holding. Consistent Dividend since 2011, The Company has Paid dividend 12 times since 2011, where last dividend was given on Feb 21, 2019.
Company is Showing High increase in Quarterly Sales. Delivery Percentage is Very High.
Surprisingly The Big Name of Stock Markets Mr. RAMESH DAMANI bought almost 3,00,000 Quantity at a Rate of Rs. 85 Per Share. and the deal is done on April 30, 2019. Just a few days ago.
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Market Capital of the Company is Approx 233 Cr.
Book Value / Share is : 167.14
Current market Price is : 101
Face value : Rs. 10
Dividend Yield : 1.48
Price to Book Value : 0.61
The Stock is Giving Consistent Returns to Investors Since Last 5 years.. The Stock Price has seen growth of 333.47% in Last 5 years. Which is a Phenomenal Growth for Investors.
Recommendation :
GOLDIAM INTERNATIONAL LTD.
Buy Range : 100-102
Stoploss : 88
Targets : 130 - 160 - 180
Risk Disclosure :
Invest a Part of your Portfolio in this Stock without Leverage, Do not Overtrade anticipating very high Returns immediately. The Stock may take 1 - 2 years to complete the Targets. The Stoploss is given and can be trailed with upward movement of the stock price. Please Exit the Stock Below Stoploss Levels.
Disclaimer :
The Author is a Global Market Expert and Certified Financial Adviser, The Author has taken all due care while doing the analysis and posting the recommendation. Any Losses arising due to Investment in this Stock is not a responsibility of the Author. Trading and Investing in Stock Market Involves a Certain Risk and Managing Risk is Very Important. The Author or his Clients may or may not have any holdings in this stock. There is no Vested Interest in recommending this stock. Trade with proper Risk Management, Invest Wisely !!
For Any Queries & Investment Related Assistance Please Communicate on the Following Details :
WhatsApp : (+91) 8275298208
Mail : paidsignals@gmail.com
Mail : paidsignals@gmail.com
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