This week Chart Of The Week Stock is going to be more interesting
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First lets see the chart of NBCC
The above NBCC chart is from the its IPO to till date, lets have a look how the stock reacts in in the past till date.
In the above chart I have included Volume of the stock, can you see any different, yes volume is increasing continuously, this shows that the share is going to give a good up side in the near future. can we use it to take 10 % profit ? please tell your comments.
Financially this stock is not tat much strong, but technically its ok to take 10 % profit in the near future.
Lets see some positive aspects of this stock.
NBCC is a company with no Debt
NBCC company promoters have no pledge over the shares.
NBCC stock has reached a new 52 week high. its a high and fast recovery from its 52 week low price.
This stock is trading with a high volume for a good number of days.
Let’s see some negative aspects of this stock.
Nearly about 2 years NBCC book value per share is not in a good position.
Its Net profit TTM is growing but its Annual net profit is declining for the past 2 years.
Operational cash flow is low for the past 2 years.
Return on Assets ratio is having a negative growth fro the last 2 years. this shows the Net income towards the total income is not in a good state.
Most of the Mutual Funds decreased their shareholding in the past quarter.
this is how I guesstimate my swing trating stock. please share your opinion. Thankyou.