SUPREME IND LTD
SECTOR: -- Plastic- Molded Articles & Furniture.
ATH---6460 MADE ON
12.6.2024.
CMP; 6039.55 on
14.6.2024.
TTM EPS- 84.21(+23.64%
Y. O. Y)
TTM/PE: -- 70.89---
SECTOR PE--50. 40
BOOK VALUE- 402.18
PRICE TO BOOK
VALUE:--14.85(very high)
DIVIDED YIELD:-.50%
FACE VALUE:-2
EQUITY:-25.41cr
SHARE HOLDING:-
PROMOTERS-48.90% ---FII--24.70%---DII---11.40%& PUBLIC--15%.
Support:5839.80/5666.70/5401/5277/5196/5103/4888/4791/4747/4385/4036/4021.
Resistance:-6460.
TECHNICAL VIEW:--
It is in a strong long term uptrend and in the new zone. The
important range for the stock now is between 6460---6162----5196, breakout on the either side will decide which
way it will move, sustained break above 6162
can take it up to 6460 and sustained
break above it can pull it up to 6970/8500/9053
or more. Similarly sustained break below its critical bottom of 5196 can drag it down to lower levels
and correction may last longer. In view of the above observation, long can be
tried on decline at appropriate support points but not below 5196 with a proper and strict stop loss.
NOTE: - It is a technical assessment of the stock as of now, the
technical interpretation changes with the price movement and time, therefore it
has to be reviewed at regular intervals, furthermore investors are advised to look into
fundamental, financial details of the company because that too keeps on
changing and last but not the least management perception for the future of the
company before taking investment decision.
Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.
Kindly note that make your cost your stop loss
in favorable trade and then trail it as the price move up/down
to gain maximum profit and avoid losses. Use support and resistance levels as
entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT
STOP LOSS.
Note: Price stated
here are of spot market.
Contact me for strategic guidance to enter and
exit trade.
Thanks
Narendra Kumar Surana
Mobile—8240951127/9831313654.
