Manoj vaibhav looks good for 320++
Stock bounces on 10ema.
Can test a double bottom
if break 10ema exit..
stop 280
target 320..350
risk 16 reward 25
Holding period 2weeks
gold on historical high ..
Gold on demand
most jewellery stocks rising..
Stock PE LOWER than industry PE
consitent growth also..
TBZ and kalyan(high PE) also very good from this sector..
MVGNJL is a hyperlocal jewellery retail chain that is involved in retailing gold, silver, diamond, platinum, and various studded jewellery and operates through 13 showrooms and 2 franchisee stores spread across Andhra Pradesh and Telangana. It follows a hub & spoke model with small-sized showrooms operating peripheral to the larger showrooms. Company sells its products under the brand name Vaibhav Jewellers
Can test a double bottom
if break 10ema exit..
stop 280
target 320..350
risk 16 reward 25
Holding period 2weeks
gold on historical high ..
Gold on demand
most jewellery stocks rising..
Stock PE LOWER than industry PE
consitent growth also..
TBZ and kalyan(high PE) also very good from this sector..
MVGNJL is a hyperlocal jewellery retail chain that is involved in retailing gold, silver, diamond, platinum, and various studded jewellery and operates through 13 showrooms and 2 franchisee stores spread across Andhra Pradesh and Telangana. It follows a hub & spoke model with small-sized showrooms operating peripheral to the larger showrooms. Company sells its products under the brand name Vaibhav Jewellers
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