INTRODUCTION
De-Nora is involved in the business of manufacturing and servicing of Electrolytic products. The main 'pros' for this company is that , it has reduced debt and the company is almost debt free. But there also some cons for "De Nora" they are stock is trading at 2.97 times its book value, you should have keep this on mind the mentioned price range and intraday Targets must be strictly followed. Also company has low return on equity of 8.80 for last 3 years.
You can get more than 15% return on this stock if you follow the levels given below. The chart analysis, intraday/short term targets and stop loss is given below
CHART ANALYSIS OF DENORA
Below represent the daily chart for De-Nora, Do own analysis before enter.
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| DENORA-CHART |
TARGETS AND STOP LOSS FOR DENORA
- Denora Buy above 348 (Wait for trigger price)
- With stop loss of 325 ( Stop loss must be below lower trend line)
- Targets of 360, 377
- Short term equity cash segment
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Currently not much volume build-up in Debora right ? May be if we see some nice volumes then it can be a good break-out
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