Fundamental Analysis:
1) Segment - Zinc- lead mining and smelting
2) PE -11.1
3) Debt to Equity - 0.08(Promoter pledged 85% of share)
4) ROE -28
5) Sales Doubles in last three years
Trend:
unable to close( monthly TF) above the previous swing high ( lot of rejection)
Rejection from level of 1.236 level of FIB.
Two possibility from this level
option 1: Since it took a support from trend line , It can move higher from this level
Stop loss- 245
Target -415
Option 2:
It make break the trend line and move downward
Target -218(0.5 level of Fib)
1) Segment - Zinc- lead mining and smelting
2) PE -11.1
3) Debt to Equity - 0.08(Promoter pledged 85% of share)
4) ROE -28
5) Sales Doubles in last three years
Trend:
unable to close( monthly TF) above the previous swing high ( lot of rejection)
Rejection from level of 1.236 level of FIB.
Two possibility from this level
option 1: Since it took a support from trend line , It can move higher from this level
Stop loss- 245
Target -415
Option 2:
It make break the trend line and move downward
Target -218(0.5 level of Fib)