When stocks give closing above 200 EMA, they can
show some bullish momentum for the upcoming days. Investors generally looking
for some growth based indicator in the current market of uncertainties. This
indicator of 200 EMA gives us potential signals of shifting price changes
perfectly.
We have identified three stocks (in nifty500) as per our
preference that have closed above 200 EMA, which can give potential upward move in
coming days. Keep an watch with your own analysis.
Usha Martin Ltd.
Usha Martin was founded in the year 1961 by Basant Jawahar, head office at Kolkata, West Bengal, India. It's a multinational company engaged in steel and wire rope manufacturing. It has become one of the largest manufacturers of wire rope globally.
Usha Martin has market capital of Rs.11885 cr. PE ratio is 27.34,
Industry PE is 29.27, ROE is 19.29%, Dividend Yield 0.70%.
Shareholding
pattern:
Promoter... 43.50%
FII .......... 14.60%
DII ...... ... 7.40%
Public …….. 34.40%
Below is the chart of Usha Martin in daily TF
SBFC Finance:
SBFC Finance company founded in 2008, headquartered in Mumbai, engaged
in the business of giving loans to micro enterprises against commercial and
residential properties. It also give loans against gold which offers higher
margin of returns against pure liquid security. It also deals in personal loans
and unsecured business loans.
SBFC Finance has a market capitalization of Rs.9488 cr., PE ratio is
31.69, Indust=h PE is 24.75, ROE is 10.52%, Dividend yield is 0.00%.
Shareholding
pattern:
Promoter....... 55%
FII.................. 4.60%(--0.10%)
DII........... ..... 16.30%(+0.10%)
Public............ 24.00%(0.30%)
Below is the daily chart of SBFC
Latent
View Analytics Ltd:
Latent view Analytics deals in providing data and consultation services,
business analytics and insights, advanced predictive analytics, data
engineering and digital solutions. The company provides services to blue
chip companies in BFSI, CPG. It has a market capitalization of Rs.9185 cr., PE
ratio is 58.27, Industry PE is 52.08,ROE is 12.28% , Dividend yield is 0.00%.
Shareholding
pattern:
Promoter....... 65.40%
FII.................. 2.70%(0.30%)
DII.................. 3.60%(--0.30%)
Public......... . 28.30%(0.50%)
Below is the daily chart of Latent view
(Note: In these Three stocks our stop loss should be below 200 EMA)
Disclaimer: The information provided on MoneyWiseMind is for educational and informational purposes only. It is not intended to be financial advice, and you should not rely on it as such. Before making any financial decisions, you should consult a licensed financial advisor.
