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Autoline Industries

Discussion in 'Fundamental Analysis' started by mailtoswarup, Jan 7, 2018.

  1. mailtoswarup

    mailtoswarup Member

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    Hi all, on the long term charts of Autoline , there is a rounding bottom formation. Is there any turnaround for company? If yes can it be a good investment idea for two years.[​IMG]

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    mailtoswarup, Jan 7, 2018
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  2. abhijitupsc

    abhijitupsc Contributor

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    If you want to consider fundamentals then it doesn't score well on many parts such as negative Cash flow, high debt, low interest coverage ratio, negative PAT growth and so on.. Enough for me to not even consider technical analysis..
    Still, other members can comment..

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    abhijitupsc, Jan 7, 2018
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  3. shabbir

    shabbir Administrator Staff Member

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    I second that. And if there is a turn around, it is already in the price where the stock has more than doubled from its lows. So now let the actual turnaround to happen and then one may consider it.
     
    shabbir, Jan 7, 2018
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  4. mailtoswarup

    mailtoswarup Member

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    mailtoswarup, Jan 10, 2018
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  5. shabbir

    shabbir Administrator Staff Member

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    shabbir, Jan 10, 2018
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  6. bhat64

    bhat64 Apprentice

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    On a separate note a rounded bottom formation on the weekly charts of Autoline from a pure positional trade standpoint.


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    bhat64, Jan 14, 2018
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