Eveready getting ready for a breakoutEveready Industries Ltd. CMP – 355.60
Market Capitalization Rs 2,584.8Cr
Red Flags:🟥
High Valuation (P.E. = 62.5)
Declining annual net profit
Declining cash from operations annual
Green Flags:🟩
No debt
Low debt
Zero promoter pledge
FIIs are increasing stake
MFs are increasing stake
Previous Happy Candles Number – 50/100
New Happy Candles Number – 50/100
X/2 Fresh Entry/ averaging / compounding after closing above 361
Final Entry 373
Targets: 383, 397 and 411
Long term target: 425 and 441
Stop loss: Closing below 335
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