MAHARASHTRA SEAMLESS LTD
Long

Maharashtra Seamless Ltd looks good Technically.

147
-Trendline breakout with high volume.
-Ideal entry missed
-Now at another important resistance. If broken and sustained then there is scope for further upmove.
-Volume picking up with price movement.
-Dry volume during pull backs.
-Good ROCE
-Good ROE
-Debt-free company.
-Profit growth of 26.3% CAGR over last 5 years

These are the reasons for picking this stock. This is a positional pick. SL is very deep so position size it or adjust the SL as per your trading style/ Risk appetite.

The chart shared is for educational purposes. Please do your due diligence before investing.
Note
Setting Up again After a pull back. Good Bullish Engulfing. Wide Range Candle. Keep it on the radar.

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