Hathway Cables
Fundamentals:
1. Decent financials with an increasing net profit every year.
2. Zero debt company.
3. Total promoter holding is 86.61% of mich majority shareholder with more than 50% stake is from Reliance industries.
4. Hathway has proved to be of great help to Reliance jio and I personally believe that it will continue to do so and that's why I feel there's a lot of potential in this company.
Technicals:
1. Crossover spotted in the hourly time frame.
2. Morning star pattern spotted in the hourly time frame at closing.
3. Trying to breach its strong resistance from 2011 which is at 26. If it manages to give a breakout with good volumes, we can easily expect a 30+ mark in the medium term.
1. Decent financials with an increasing net profit every year.
2. Zero debt company.
3. Total promoter holding is 86.61% of mich majority shareholder with more than 50% stake is from Reliance industries.
4. Hathway has proved to be of great help to Reliance jio and I personally believe that it will continue to do so and that's why I feel there's a lot of potential in this company.
Technicals:
1. Crossover spotted in the hourly time frame.
2. Morning star pattern spotted in the hourly time frame at closing.
3. Trying to breach its strong resistance from 2011 which is at 26. If it manages to give a breakout with good volumes, we can easily expect a 30+ mark in the medium term.
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