When one is desperate, the monthly chart shows the way ahead
Whenever price breaks above the downward sloping channel there is a higher probability of it making an impulse wave and moving towards the resistance line of the long term parallel channel...till then expect it to continue its downward slide and lackluster performance.. Q2 results in November may set the move as the strong USD can act as a tailwind due to over 70% of its annual sales being exported... KRBL has already broken out of its downward sloping channel and Daawat is trading at its all time high levels..
Chamanlal Setia is the ugly duckling of the pack as the promoters are unable to make the right noises wrt minority investors. No dividends were declared in the last FY, but that didnt stop the promoters raking in the maximum permissible remuneration as per law, no concalls were organized after quarterly results, as stated earlier it has the higher promoter remuneration viz a viz net profits as compared to its listed peers and relatively lower net margins...
Chamanlal Setia is the ugly duckling of the pack as the promoters are unable to make the right noises wrt minority investors. No dividends were declared in the last FY, but that didnt stop the promoters raking in the maximum permissible remuneration as per law, no concalls were organized after quarterly results, as stated earlier it has the higher promoter remuneration viz a viz net profits as compared to its listed peers and relatively lower net margins...
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