Maithan Alloy Limited works in manufacture and sell manganese and Ferro-alloys with in India and International Trade .We gave A buying call in it from the price of 461 to a target of 466 .Following are the points in behalf of which we gave the buying call :
Crossover of 5, 18 SMA and 60 EMA.
RSI crossover at 60.
Candles are formed above 60 EMA, indicates that trend is positive.
Previous close and opening are equal indicates that buyers are willing to buy this stock above the previous close.
Fundamentally, Maithan Alloys net profit rise by 121.044% in Q4FY17, OPM increased from 15.78% to 30.59%.