"Beautiful Breakout in ESAB India: Unlocking Potential.
Welcome back again. Today we will discuss about ESAB INDIA.
>>Esab India was consolidating in rectangle channel pattern for 20 months. two weeks back it has given a breakout and retraced till its BZ.
>>Again last week it has took support from crucial pivot point and bounced back with a good healthy green candle along with good momentum.
>>Today this stock seems to continuing its bullish trend while overall market is being bearish. We can see from chart its consolidation phase was fairly long, so, we can anticipate a big run up from here.
>>Now talking about its fundamentals, ESAB India Ltd is a leading supplier of welding and cutting products in India with the market cap of 7,849cr. Take a look Some financial pointers of this stock-
*The company is debt-free.
*ROCE (Return on Capital Employed) is at an all-time high of 71%.
*Earnings show strong potential for future growth.
*The PE (Price-to-Earnings) ratio is currently at 51.
*Historically, the PE ratio has been at a higher level (66) for the past two years.
*Given the past PE levels, the current PE of 51 appears reasonable and undervalued.
*Considering these factors, it's a potential candidate for long-term investment.
If you do not have a long vision in this stock then do utilize your Risk-Reward Ratio based on Your Risk Appetite. Level of 4500 stop loss makes lot of sense in this one.
Do consider pressing the boost button🚀🚀, It helps me bring more interesting analysis. And if you've any question and suggestion please feel free to post in comment section.
Please note I am not SEBI registered. Do your own research before investing.
>>Esab India was consolidating in rectangle channel pattern for 20 months. two weeks back it has given a breakout and retraced till its BZ.
>>Again last week it has took support from crucial pivot point and bounced back with a good healthy green candle along with good momentum.
>>Today this stock seems to continuing its bullish trend while overall market is being bearish. We can see from chart its consolidation phase was fairly long, so, we can anticipate a big run up from here.
>>Now talking about its fundamentals, ESAB India Ltd is a leading supplier of welding and cutting products in India with the market cap of 7,849cr. Take a look Some financial pointers of this stock-
*The company is debt-free.
*ROCE (Return on Capital Employed) is at an all-time high of 71%.
*Earnings show strong potential for future growth.
*The PE (Price-to-Earnings) ratio is currently at 51.
*Historically, the PE ratio has been at a higher level (66) for the past two years.
*Given the past PE levels, the current PE of 51 appears reasonable and undervalued.
*Considering these factors, it's a potential candidate for long-term investment.
If you do not have a long vision in this stock then do utilize your Risk-Reward Ratio based on Your Risk Appetite. Level of 4500 stop loss makes lot of sense in this one.
Do consider pressing the boost button🚀🚀, It helps me bring more interesting analysis. And if you've any question and suggestion please feel free to post in comment section.
Please note I am not SEBI registered. Do your own research before investing.
Похожие публикации
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.