Inverted head and shoulder on $ASHOKLEY

24 nov

ASHOKLEY

The chart shows that a beautiful inverted head-and-shoulders pattern has been formed on NSE:ASHOKLEY.

Before pattern formation, there was a downtrend in the stock.

This is a reversal pattern.

Some of the key ratios:

ROCE: 15.0 %
ROE: 28.4 %
RoA: 4.42 %

EPS: 8.95
Stock P/E: 25.5
Industry PE: 18.8
PEG Ratio: 6.30

Disc -
1. I don't have a position in it yet, but I will build one today.
2. For educational purposes only.