GSS Infotech Ltd is giving a Positive Breakout

GSS Infotech Ltd is giving a positive breakout on monthly basis since April 2018. It will work only in the long-term i.e. period of 1 to 3 years; this breakout has been found in the chart after 8 years. GSS Infotech Ltd, IPO came in 2008 and made highest high at 869.00. From this point, it falls down till price 90 in 2009. In 2011 price 90 has been broken and made new lowest low by 13 points i.e. 61. Since 2011 until April 2018 it was trading below 61. And From April 2018 Price has been going up with tremendous volume and gave positive breakout at 90. (i.e. highest price in 2009).

Fundamentals :

Fundamentals of GSS Infotech LTD are good, in 2018 fundamentals come into positive earlier it was negative. GSS Infotech has reported a consolidated total income from operations of Rs 40.62 crore and a net profit of Rs 4.19 crore for the quarter ended Jun-2018.

CONCLUSION:

You can buy but if you take a long-term view then it will give multiple returns.

Disclaimer:

the post only for educational purposes.

Leave a Reply

Your email address will not be published. Required fields are marked *