Century Plyboards (India) Ltd – Short term technical view with Fundamental study

Century Plyboards (India) Ltd – weekly chart

Century Plyboards (India) Ltd – strong chart pattern and strong fundamentals

Chart study

As per weekly chart of century ply-boards, we can see that stock has formed “falling parallel channel” and able to give close above channel in last weeks candle.
Now as per pattern if stock able to cross last weeks high and if able to give close above last week close then it can confirm the channel breakout and as per study pattern we can expect up move in this stock till 887 as per pattern range and formations.

In short stock is on a verge of channel breakout, and we can expect some price move as per pattern

Fundamental base of stock

As per fundamental data of stock we can see that company’s sales is at peak compare to past 10 years data. sales is growing by 20.5% and profit is growing by 22.4% and its suggest that company working and maintaining strong operating profit margin from past 10 years.
overall above data suggest that company doing a strong business to maintain highest sales with good operating profit and strong margins and data records can shows that it will grow further.

Strong fundamental data always suggest and insure further growth and confirm that company working smart and harder for its future

Conclusion

Price chart suggesting strong pattern breakout in short term with continuous growth on long term chart.
fundamental data clearly shows that company is in strong growth mode and will continue to perform better in coming future. And thus this combination will surly give growth and profits to its investors.

We are always trying to provide you strong fundamental stocks with good chart patterns and this will insure you and will help you to identify your short term as well as long term pick for your portfolio.