Wednesday, October 14, 2020

Thirumalai Chemical | Multibagger | Price Outlook

 

 Thirumalai Chemical

➽ Stock/Share Price: 77


➽ Recent Key Strengths

Company with Low Debt

Company able to generate Net Cash 

Improving Net Cash Flow for last 2 years

Company with Zero Promoter Pledge

Strong Momentum: Price above short, medium and long term moving averages


➽ Recent Weaknesses

Decline in Net Profit with falling Profit Margin (QoQ)

Decline in Quarterly Net Profit with falling Profit Margin (YoY)

Degrowth in Quarterly Revenue and Profit in Recent Results(YoY)


➽ Technical Chart 

thirumalai chemical share price , finvestonline.com

Thirumalai Chemical was in long term downtrend since 2 years and made a low of 32 and after consolidation  the stock again started rising and currently trading in uptrend above its recent averages lines.


So , long position can be made in Thirumalai Chemical for a target of  108 in short term , 170 in mid term and 224 in long term.



Thanks for your Precious Time.


Finvest Online
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Disclaime
r- The information on this blog are based on my personal opinion and experience, it should not be considered professional financial investment advice and in no way it should be considered as a tip. We does not take any compensation of any kind whatsoever from any reader,user and company that are mention on this website.We are not SEBI registered financial advisor or analyst.


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