1. DIYTechnicalAnalysis is a private community of traders and investors interested in building wealth from Indian equity market. You can become a member with a one time registration fee of ₹199. Click here to become a member

Stock:- Manali petro chemicals

Discussion in 'Investment Analysis' started by srinivasa_raobilla, Jan 25, 2019.

  1. srinivasa_raobilla

    srinivasa_raobilla New Member

    Joined:
    Jun 21, 2017
    Messages:
    5
    Likes Received:
    4
    Can some provide details about this stock, I heard it is a debt free company but as per technical charts it week and in over sold jone. Can we do fresh investment or average this stock.

    Please provide your view's.


    Sent from my Lenovo K8 Plus using DIY Technical Analysis mobile app
     
    srinivasa_raobilla, Jan 25, 2019
    Share #1
    shabbir likes this.
  2. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    Debt free looks ok but technically it has broken all support levels and so I may not consider it purely based on it.

    Also the company lacks growth for past 4 years. https://www.investello.com/Analysis/Growth/MANALIPETC

    So if you happen to find some growth factors, it is to be considered else pass it along.
     
    shabbir, Jan 26, 2019
    Share #2
  3. srinivasa_raobilla

    srinivasa_raobilla New Member

    Joined:
    Jun 21, 2017
    Messages:
    5
    Likes Received:
    4
    srinivasa_raobilla, Jan 26, 2019
    Share #3
    shabbir likes this.
  4. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    shabbir, Jan 26, 2019
    Share #4