C.M.P - Rs. 16.5
Listed In - BSE (524396)
Sector - Pharmaceuticals
Technical Chart Study:
Biofil Chemicals and Pharmaceuticals has already given wonderful technical breakout few weeks before. After high volume breakout it has been giving healthy correction and now consolidating at support level as drawn in the chart. Technical chart is showing clearly that Biofil has given really a strong breakout and healthy retesting the breakout level. A regular bullish divergence is clearly visible in the daily chart and RSI clearly recovered from lower level though RSI in weekly chart looks still weak but overall technical chart is indicating this type of breakout can give wonderful movement in near future. Only need to keep patience here.
Here I am posting my Technical chart study and I hope you also learn from it. Take a look on the chart and you can share your views in the comment box.
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| Biofil Chemicals Daily Chart |
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| Biofil Chemicals Weekly chart |
Fundamental Study:
As per Fundamental data Biofil looks good also. it's PE is less than industry PE ratio which is good. Price to Book value is high as per data. Deliverable percentage from last 8 days are superb and it is 100% which is wonderful. Debt vs reserves condition is not so good. Actually it's negative and company's reserves quality is negative. Asset quality is increasing gradually. Operating profit, reported Net Profit and Earning Per Share all data is average and increasing gradually. Current Ratio, Debt to Equity ratio and Interest Coverage ratio all ratios are really superb.
I publish this post on my blog absolutely basis of technical chart breakout. This is my absolutely personal view about Biofil Chemicals and I am posting this article only for study purpose. Please don't trade or invest in this stock on the basis of this post. Analysis and study yourself first and then take your decision, I am not responsible for your any loss.
You can Watch This Video For Detail Technical Study Of Biofil Chemicals
Click Here For Watching The Video
This blog, it's owner/creator is not a research analyst or he/she doesn't have any SEBI registration. He/She expressing opinion in this blog only as an individual investor in Indian stock market. This blog only for learning and Educational purpose not for any trade and investment. All posts in this blog only for study. Owner of this blog will not be responsible for any loss arising out of any information, posts or opinion appearing in this blog. Investors, traders, learners are advised to consult financial consultant before acting on any such information or post. He/She is take no responsibility/liability for any decision taken by the viewers solely based on information provided here. All posts on stocks and stock market are only to create an awareness and Educational purpose. Please do your own study and research before take any decision.
1 Comments:
Click here for CommentsHey, thanks for the information. your posts are informative and useful.
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