Friday, May 5, 2017

Why Steel Stocks doesn't reacted to India's new steel policy 2017 ?

Here We go !  The price of Cocking Coal has increased sharply in the  month of April 2017 & there was huge disruption in exports from Australia a major exporter of coal, due to a cyclone which damaged railway lines connecting mines. This will affect the Bottom of Steel Cos and effect will be seen in Q2/2017-18. Off course, the New Steel Policy is good for Indian Steel Cos. It will be prudent to invest in Steel Sector after Q2/2017-18 results.
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Sree Rayalaseema Alkalies & Allied Chemicals Ltd ( 507753)-A Multi Bagger, Buy/Sell/Hold, Growth Prospects and Recommendation, News and Results, Target Price and Analysis, Views and Outlook, Hot Stocks/Picks, Financial Analysis & Valuations


Sree Rayalaseema Alkalies & Allied Chemicals Ltd closes at ₹ 26.00  with  a  Gain      of   +  1.0 %   on    04  May 2017   with formation of  a  Bullish Harami  Cross Candle    on Daily  Price Chart.  Technically,   Sree Rayalaseema Alkalies & Allied Chemicals Ltd has entering into a Long Term Bullish Trend. Major Momentum Indicators are   showing Strength on Daily Price Chart. Our NNI index has also turned Positive.
We Recommend to  BUY /    Accumulate     Sree Rayalaseema Alkalies & Allied Chemicals Ltd at   CMP  
Target: ₹  60-72
Stop: Loss  :₹  23.80
Time Frame :  6-24   Months
Financials :  https://docs.google.com/spreadsheets/d/1yNJtN5ZJTvfFjV7PUSGq4-12QMjUt-0g_FAaF_vTTGc/edit?usp=sharing
Join Us at   WhatsApp:  https://chat.whatsapp.com/KfzqmHAN9dp0Z8Bl9xtdVh

Disclaimer : We are going to take exposure shortly.
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Thursday, May 4, 2017

Pattern Explorer : Release Version 5

We have just Upgrated to AmiBroker 6.22 & Pattern Explorer- Release V.
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