S Chand & Company:478 RES:555 &615 stop:460

S.Chand story is about what makes a business grow at an invigorating jump, expand its horizon, build a prestigious brand and stand tall amongst its competitiors, really empowering the minds.
Stock is consolidating around 470, trading in a symmetrical triangle. On break above 499 resistance is at 555 & 615. STOP:460

Market Cap.: ₹ 1,677.51 Cr.
Current Price: ₹ 481.50
Book Value: ₹ 188.68
PE: 28.98
Dividend Yield: 4.67%
ROE: 16.34%
Equity shares: 3.48cr
EPS: ₹ 16.74
Debt to equity: 0.61
Note: keep in mind that, major revenue is from schools books publishing, definitely wiil show up a cyclical progression.

Kommentera:

Very slow move, and break out.
But the volume is improving fro the last two weeks looks interesting.