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Arfin India Ltd
Buy, Hold or Sell?

Let's analyze Arfin together

I guess you are interested in Arfin India Ltd. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Arfin India Ltd. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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Quick analysis of Arfin (30 sec.)










What can you expect buying and holding a share of Arfin? (30 sec.)

How much money do you get?

How much money do you get?
INR0.00
When do you have the money?
1 year
How often do you get paid?
50.0%

What is your share worth?

Current worth
INR6.06
Expected worth in 1 year
INR8.15
How sure are you?
80.0%

+ What do you gain per year?

Total Gains per Share
INR2.08
Return On Investment
5.3%

For what price can you sell your share?

Current Price per Share
INR39.59
Expected price per share
INR32.01 - INR51.50
How sure are you?
50%
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1. Valuation of Arfin (5 min.)




Live pricePrice per Share (EOD)

INR39.59

2. Growth of Arfin (5 min.)




Is Arfin growing?

Current yearPrevious yearGrowGrow %
How rich?$11.4m$10.4m$984.6k8.6%

How much money is Arfin making?

Current yearPrevious yearGrowGrow %
Making money$978.2k$1.2m-$249.4k-25.5%
Net Profit Margin1.5%1.9%--

How much money comes from the company's main activities?

3. Financial Health of Arfin (5 min.)




4. Comparing to competitors in the Aluminum industry (5 min.)




  Industry Rankings (Aluminum)  


Richest
#70 / 73

Most Revenue
#47 / 73

Most Profit
#47 / 73
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What can you expect buying and holding a share of Arfin? (5 min.)

Welcome investor! Arfin's management wants to use your money to grow the business. In return you get a share of Arfin.

What can you expect buying and holding a share of Arfin?

First you should know what it really means to hold a share of Arfin. And how you can make/lose money.

Speculation

The Price per Share of Arfin is INR39.59. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Arfin.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Arfin, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is INR6.06. Based on the TTM, the Book Value Change Per Share is INR0.52 per quarter. Based on the YOY, the Book Value Change Per Share is INR-43.31 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is INR0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Arfin.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 INR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per Share
Usd Eps0.010.0%0.010.0%0.010.0%-0.010.0%0.030.1%
Usd Book Value Change Per Share0.010.0%0.010.0%-0.52-1.3%-0.11-0.3%0.000.0%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share0.010.0%0.010.0%-0.52-1.3%-0.11-0.3%0.000.0%
Usd Price Per Share0.61-0.61-0.24-5.96-17.81-
Price to Earnings Ratio98.95-98.95-30.87-118.40-223.23-
Price-to-Total Gains Ratio98.30-98.30--0.46-117.72-200.38-
Price to Book Ratio8.44-8.44-3.62-12.90-39.75-
Price-to-Total Gains Ratio98.30-98.30--0.46-117.72-200.38-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.471121
Number of shares2122
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share0.01-0.11
Usd Total Gains Per Share0.01-0.11
Gains per Quarter (2122 shares)13.15-243.39
Gains per Year (2122 shares)52.59-973.56
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1053430-974-984
20105960-1947-1958
301581490-2921-2932
402102020-3894-3906
502632550-4868-4880
603163080-5841-5854
703683610-6815-6828
804214140-7788-7802
904734670-8762-8776
1005265200-9736-9750

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%3.00.00.0100.0%4.01.00.080.0%9.01.00.090.0%10.01.00.090.9%
Book Value Change Per Share1.00.00.0100.0%2.01.00.066.7%3.02.00.060.0%8.02.00.080.0%9.02.00.081.8%
Dividend per Share0.00.01.00.0%0.00.03.00.0%0.00.05.00.0%5.00.05.050.0%6.00.05.054.5%
Total Gains per Share1.00.00.0100.0%2.01.00.066.7%3.02.00.060.0%8.02.00.080.0%9.02.00.081.8%
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Fundamentals of Arfin

About Arfin India Ltd

Arfin India Limited manufactures and trades in various non-ferrous metal products in India. The company's products include aluminum ingots, cubes, shots, sticks, alloy ingots, drawn wires, wire rods, automobile components, conductor, and cables, as well as cored wire mill products. It also offers copper scrap, brass scrap, aluminum scrap, brass ingots, copper ingots, copper cathodes, tin ingots, and nickel cathodes; and hast alloys, iconel alloys, incoly alloys, monel, Cu-Ni products, cobalt, tungsten, and tungsten carbides. The company serves the steel, chemical, power, and conductor industries. It also exports its products. The company was incorporated in 1992 and is based in Ahmedabad, India.

Fundamental data was last updated by Penke on 2024-07-08 13:45:04.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is just able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is overpriced.
Based on the earnings, the company is expensive.
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1.1. Profitability of Arfin India Ltd.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Arfin earns for each ₹1 of revenue.

  • Above 10% is considered healthy but always compare Arfin to the Aluminum industry mean.
  • A Net Profit Margin of 1.5% means that ₹0.02 for each ₹1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Arfin India Ltd:

  • The MRQ is 1.5%. The company is making a profit. +1
  • The TTM is 1.5%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ1.5%TTM1.5%0.0%
TTM1.5%YOY1.9%-0.4%
TTM1.5%5Y0.1%+1.4%
5Y0.1%10Y1.4%-1.3%
Compared to industry (Aluminum)
PeriodCompanyIndustry (mean)+/- 
MRQ1.5%2.6%-1.1%
TTM1.5%2.9%-1.4%
YOY1.9%4.6%-2.7%
5Y0.1%3.7%-3.6%
10Y1.4%3.5%-2.1%
1.1.2. Return on Assets

Shows how efficient Arfin is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Arfin to the Aluminum industry mean.
  • 2.9% Return on Assets means that Arfin generated ₹0.03 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Arfin India Ltd:

  • The MRQ is 2.9%. Using its assets, the company is less efficient in making profit.
  • The TTM is 2.9%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ2.9%TTM2.9%0.0%
TTM2.9%YOY3.9%-1.0%
TTM2.9%5Y0.3%+2.6%
5Y0.3%10Y3.3%-3.1%
Compared to industry (Aluminum)
PeriodCompanyIndustry (mean)+/- 
MRQ2.9%1.2%+1.7%
TTM2.9%1.1%+1.8%
YOY3.9%1.4%+2.5%
5Y0.3%1.4%-1.1%
10Y3.3%1.3%+2.0%
1.1.3. Return on Equity

Shows how efficient Arfin is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Arfin to the Aluminum industry mean.
  • 8.5% Return on Equity means Arfin generated ₹0.09 for each ₹1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Arfin India Ltd:

  • The MRQ is 8.5%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 8.5%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ8.5%TTM8.5%0.0%
TTM8.5%YOY11.7%-3.2%
TTM8.5%5Y0.9%+7.6%
5Y0.9%10Y11.6%-10.6%
Compared to industry (Aluminum)
PeriodCompanyIndustry (mean)+/- 
MRQ8.5%2.2%+6.3%
TTM8.5%2.3%+6.2%
YOY11.7%2.8%+8.9%
5Y0.9%2.6%-1.7%
10Y11.6%2.4%+9.2%
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1.2. Operating Efficiency of Arfin India Ltd.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Arfin is operating .

  • Measures how much profit Arfin makes for each ₹1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Arfin to the Aluminum industry mean.
  • An Operating Margin of 0.0% means the company generated ₹0.00  for each ₹1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Arfin India Ltd:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY4.2%-4.2%
TTM-5Y2.1%-2.1%
5Y2.1%10Y4.1%-2.0%
Compared to industry (Aluminum)
PeriodCompanyIndustry (mean)+/- 
MRQ-4.4%-4.4%
TTM-1.7%-1.7%
YOY4.2%4.3%-0.1%
5Y2.1%5.1%-3.0%
10Y4.1%4.0%+0.1%
1.2.2. Operating Ratio

Measures how efficient Arfin is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Aluminum industry mean).
  • An Operation Ratio of 1.78 means that the operating costs are ₹1.78 for each ₹1 in net sales.

Let's take a look of the Operating Ratio trends of Arfin India Ltd:

  • The MRQ is 1.785. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.785. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.785TTM1.7850.000
TTM1.785YOY1.811-0.027
TTM1.7855Y1.804-0.020
5Y1.80410Y1.792+0.013
Compared to industry (Aluminum)
PeriodCompanyIndustry (mean)+/- 
MRQ1.7851.778+0.007
TTM1.7851.763+0.022
YOY1.8111.736+0.075
5Y1.8041.752+0.052
10Y1.7921.444+0.348
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1.3. Liquidity of Arfin India Ltd.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Arfin is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Aluminum industry mean).
  • A Current Ratio of 1.38 means the company has ₹1.38 in assets for each ₹1 in short-term debts.

Let's take a look of the Current Ratio trends of Arfin India Ltd:

  • The MRQ is 1.375. The company is just able to pay all its short-term debts.
  • The TTM is 1.375. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.375TTM1.3750.000
TTM1.375YOY1.411-0.036
TTM1.3755Y1.355+0.020
5Y1.35510Y1.321+0.034
Compared to industry (Aluminum)
PeriodCompanyIndustry (mean)+/- 
MRQ1.3751.753-0.378
TTM1.3751.685-0.310
YOY1.4111.723-0.312
5Y1.3551.639-0.284
10Y1.3211.483-0.162
1.3.2. Quick Ratio

Measures if Arfin is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Arfin to the Aluminum industry mean.
  • A Quick Ratio of 0.35 means the company can pay off ₹0.35 for each ₹1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Arfin India Ltd:

  • The MRQ is 0.349. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.349. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.349TTM0.3490.000
TTM0.349YOY0.540-0.192
TTM0.3495Y0.438-0.089
5Y0.43810Y0.489-0.051
Compared to industry (Aluminum)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3490.530-0.181
TTM0.3490.604-0.255
YOY0.5400.612-0.072
5Y0.4380.756-0.318
10Y0.4890.685-0.196
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1.4. Solvency of Arfin India Ltd.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Arfin assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Arfin to Aluminum industry mean.
  • A Debt to Asset Ratio of 0.66 means that Arfin assets are financed with 66.2% credit (debt) and the remaining percentage (100% - 66.2%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Arfin India Ltd:

  • The MRQ is 0.662. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.662. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.662TTM0.6620.000
TTM0.662YOY0.670-0.008
TTM0.6625Y0.679-0.017
5Y0.67910Y0.688-0.009
Compared to industry (Aluminum)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6620.470+0.192
TTM0.6620.479+0.183
YOY0.6700.491+0.179
5Y0.6790.499+0.180
10Y0.6880.497+0.191
1.4.2. Debt to Equity Ratio

Measures if Arfin is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Arfin to the Aluminum industry mean.
  • A Debt to Equity ratio of 196.1% means that company has ₹1.96 debt for each ₹1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Arfin India Ltd:

  • The MRQ is 1.961. The company is just able to pay all its debts with equity.
  • The TTM is 1.961. The company is just able to pay all its debts with equity.
Trends
Current periodCompared to+/- 
MRQ1.961TTM1.9610.000
TTM1.961YOY2.029-0.068
TTM1.9615Y2.120-0.159
5Y2.12010Y2.368-0.249
Compared to industry (Aluminum)
PeriodCompanyIndustry (mean)+/- 
MRQ1.9610.916+1.045
TTM1.9610.948+1.013
YOY2.0290.987+1.042
5Y2.1201.082+1.038
10Y2.3681.067+1.301
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2. Market Valuation of Arfin India Ltd

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every ₹1 in earnings Arfin generates.

  • Above 15 is considered overpriced but always compare Arfin to the Aluminum industry mean.
  • A PE ratio of 98.95 means the investor is paying ₹98.95 for every ₹1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Arfin India Ltd:

  • The EOD is 76.539. Based on the earnings, the company is expensive. -2
  • The MRQ is 98.946. Based on the earnings, the company is expensive. -2
  • The TTM is 98.946. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD76.539MRQ98.946-22.407
MRQ98.946TTM98.9460.000
TTM98.946YOY30.870+68.075
TTM98.9465Y118.399-19.453
5Y118.39910Y223.227-104.828
Compared to industry (Aluminum)
PeriodCompanyIndustry (mean)+/- 
EOD76.53912.378+64.161
MRQ98.94612.246+86.700
TTM98.94613.479+85.467
YOY30.87010.157+20.713
5Y118.39914.615+103.784
10Y223.22732.246+190.981
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Arfin India Ltd:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.000
TTM-YOY15.188-15.188
TTM-5Y118.922-118.922
5Y118.92210Y-87.959+206.881
Compared to industry (Aluminum)
PeriodCompanyIndustry (mean)+/- 
MRQ-1.177-1.177
TTM-1.010-1.010
YOY15.1881.615+13.573
5Y118.9221.902+117.020
10Y-87.9591.476-89.435
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2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Arfin is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Aluminum industry mean).
  • A PB ratio of 8.44 means the investor is paying ₹8.44 for each ₹1 in book value.

Let's take a look of the Price to Book Ratio trends of Arfin India Ltd:

  • The EOD is 6.530. Based on the equity, the company is overpriced. -1
  • The MRQ is 8.441. Based on the equity, the company is overpriced. -1
  • The TTM is 8.441. Based on the equity, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD6.530MRQ8.441-1.912
MRQ8.441TTM8.4410.000
TTM8.441YOY3.616+4.825
TTM8.4415Y12.899-4.458
5Y12.89910Y39.751-26.852
Compared to industry (Aluminum)
PeriodCompanyIndustry (mean)+/- 
EOD6.5301.131+5.399
MRQ8.4411.281+7.160
TTM8.4411.381+7.060
YOY3.6161.511+2.105
5Y12.8991.574+11.325
10Y39.7511.969+37.782
2. Total Gains per Share
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3. Summary

3.1. Key Performance Indicators

The key performance indicators of Arfin India Ltd compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--0.5210.5210%-43.314+8419%-9.638+1951%-0.198+138%
Book Value Per Share--6.0636.0630%5.543+9%28.861-79%31.153-81%
Current Ratio--1.3751.3750%1.411-3%1.355+1%1.321+4%
Debt To Asset Ratio--0.6620.6620%0.670-1%0.679-2%0.688-4%
Debt To Equity Ratio--1.9611.9610%2.029-3%2.120-7%2.368-17%
Dividend Per Share----0%-0%-0%0.318-100%
Eps--0.5170.5170%0.649-20%-0.820+259%2.897-82%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Market Cap629180116.000-1193%8133732879.0008133732879.0000%3184837962.000+155%9990603605.700-19%24802000011.620-67%
Net Profit Margin--0.0150.0150%0.019-19%0.001+1482%0.014+8%
Operating Margin----0%0.042-100%0.021-100%0.041-100%
Operating Ratio--1.7851.7850%1.811-1%1.804-1%1.7920%
Pb Ratio6.530-29%8.4418.4410%3.616+133%12.899-35%39.751-79%
Pe Ratio76.539-29%98.94698.9460%30.870+221%118.399-16%223.227-56%
Price Per Share39.590-29%51.18051.1800%20.040+155%500.444-90%1496.522-97%
Price To Free Cash Flow Ratio----0%15.188-100%118.922-100%-87.9590%
Price To Total Gains Ratio76.041-29%98.30298.3020%-0.463+100%117.723-16%200.380-51%
Quick Ratio--0.3490.3490%0.540-35%0.438-20%0.489-29%
Return On Assets--0.0290.0290%0.039-25%0.003+945%0.033-14%
Return On Equity--0.0850.0850%0.117-27%0.009+808%0.116-26%
Total Gains Per Share--0.5210.5210%-43.314+8419%-9.638+1951%0.119+336%
Usd Book Value--11466732.90011466732.9000%10482103.100+9%9408913.500+22%7867037.640+46%
Usd Book Value Change Per Share--0.0060.0060%-0.515+8419%-0.115+1951%-0.002+138%
Usd Book Value Per Share--0.0720.0720%0.066+9%0.343-79%0.371-81%
Usd Dividend Per Share----0%-0%-0%0.004-100%
Usd Eps--0.0060.0060%0.008-20%-0.010+259%0.034-82%
Usd Free Cash Flow----0%2495441.900-100%1184871.100-100%-205564.1700%
Usd Market Cap7487243.380-1193%96791421.26096791421.2600%37899571.748+155%118888182.908-19%295143800.138-67%
Usd Price Per Share0.471-29%0.6090.6090%0.238+155%5.955-90%17.809-97%
Usd Profit--978227.600978227.6000%1227699.200-20%241991.260+304%746371.570+31%
Usd Revenue--63683552.10063683552.1000%64749351.800-2%53963972.440+18%48400429.700+32%
Usd Total Gains Per Share--0.0060.0060%-0.515+8419%-0.115+1951%0.001+336%
 EOD+3 -4MRQTTM+0 -0YOY+15 -145Y+20 -910Y+15 -14

3.2. Fundamental Score

Let's check the fundamental score of Arfin India Ltd based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1576.539
Price to Book Ratio (EOD)Between0-16.530
Net Profit Margin (MRQ)Greater than00.015
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.349
Current Ratio (MRQ)Greater than11.375
Debt to Asset Ratio (MRQ)Less than10.662
Debt to Equity Ratio (MRQ)Less than11.961
Return on Equity (MRQ)Greater than0.150.085
Return on Assets (MRQ)Greater than0.050.029
Total3/10 (30.0%)

3.3. Technical Score

Let's check the technical score of Arfin India Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5038.784
Ma 20Greater thanMa 5041.117
Ma 50Greater thanMa 10045.286
Ma 100Greater thanMa 20048.814
OpenGreater thanClose39.400
Total1/5 (20.0%)



Latest Balance Sheet

Balance Sheet of 2024-03-31. Currency in INR. All numbers in thousands.

Summary
Total Assets2,852,865
Total Liabilities1,889,274
Total Stockholder Equity963,591
 As reported
Total Liabilities 1,889,274
Total Stockholder Equity+ 963,591
Total Assets = 2,852,865

Assets

Total Assets2,852,865
Total Current Assets2,186,436
Long-term Assets666,429
Total Current Assets
Cash And Cash Equivalents 3,829
Short-term Investments 21,174
Net Receivables 533,548
Inventory 1,485,422
Other Current Assets 76,736
Total Current Assets  (as reported)2,186,436
Total Current Assets  (calculated)2,120,709
+/- 65,727
Long-term Assets
Property Plant Equipment 655,432
Long-term Assets Other 2,782
Long-term Assets  (as reported)666,429
Long-term Assets  (calculated)658,214
+/- 8,215

Liabilities & Shareholders' Equity

Total Current Liabilities1,590,012
Long-term Liabilities299,262
Total Stockholder Equity963,591
Total Current Liabilities
Short Long Term Debt 918,668
Accounts payable 656,517
Other Current Liabilities 3,616
Total Current Liabilities  (as reported)1,590,012
Total Current Liabilities  (calculated)1,578,801
+/- 11,211
Long-term Liabilities
Long term Debt 278,539
Long-term Liabilities  (as reported)299,262
Long-term Liabilities  (calculated)278,539
+/- 20,723
Total Stockholder Equity
Total Stockholder Equity (as reported)963,591
Total Stockholder Equity (calculated)0
+/- 963,591
Other
Capital Stock158,924
Common Stock Shares Outstanding 158,924
Net Debt 1,193,378
Net Invested Capital 2,160,798
Net Working Capital 596,424
Property Plant and Equipment Gross 655,432



Balance Sheet

Currency in INR. All numbers in thousands.

 Trend2024-03-312023-03-312022-03-312021-03-312020-03-312019-03-312018-03-312017-03-312016-03-312015-03-312014-03-31
> Total Assets 
747,950
897,812
1,195,896
1,603,652
2,126,682
2,241,774
1,990,421
2,297,358
2,469,078
2,668,027
2,852,865
2,852,8652,668,0272,469,0782,297,3581,990,4212,241,7742,126,6821,603,6521,195,896897,812747,950
   > Total Current Assets 
653,072
753,783
1,008,837
1,340,216
1,669,335
1,665,140
1,385,045
1,662,079
1,837,745
1,992,865
2,186,436
2,186,4361,992,8651,837,7451,662,0791,385,0451,665,1401,669,3351,340,2161,008,837753,783653,072
       Cash And Cash Equivalents 
23,342
38,559
38,655
30,185
33,624
1
29,529
13,149
849
75,119
3,829
3,82975,11984913,14929,529133,62430,18538,65538,55923,342
       Short-term Investments 
0
0
0
41,200
33,378
29,816
1,238
195
12,712
306
21,174
21,17430612,7121951,23829,81633,37841,200000
       Net Receivables 
359,090
231,814
328,981
590,639
786,196
504,938
315,218
469,918
748,570
671,566
533,548
533,548671,566748,570469,918315,218504,938786,196590,639328,981231,814359,090
       Inventory 
270,565
440,818
618,947
713,736
803,266
1,029,509
962,348
1,113,958
1,011,016
1,116,362
1,485,422
1,485,4221,116,3621,011,0161,113,958962,3481,029,509803,266713,736618,947440,818270,565
       Other Current Assets 
42
3,856
12,449
32,417
76,098
124,631
102,004
75,386
74,669
113,599
76,736
76,736113,59974,66975,386102,004124,63176,09832,41712,4493,85642
   > Long-term Assets 
0
0
0
219,418
457,199
623,886
605,376
635,279
631,333
675,162
666,429
666,429675,162631,333635,279605,376623,886457,199219,418000
       Property Plant Equipment 
92,561
142,078
184,054
215,746
401,748
554,432
586,417
614,744
616,342
661,422
655,432
655,432661,422616,342614,744586,417554,432401,748215,746184,054142,07892,561
       Long Term Investments 
0
0
0
41,483
44,210
47,252
0
0
0
0
0
0000047,25244,21041,483000
       Long-term Assets Other 
0
0
0
219,418
2,006
10,650
8,554
8,691
6,141
5,328
2,782
2,7825,3286,1418,6918,55410,6502,006219,418000
> Total Liabilities 
620,076
720,741
952,730
1,054,852
1,300,341
1,379,521
1,341,621
1,613,719
1,692,632
1,787,178
1,889,274
1,889,2741,787,1781,692,6321,613,7191,341,6211,379,5211,300,3411,054,852952,730720,741620,076
   > Total Current Liabilities 
515,477
686,291
831,139
990,129
1,166,391
1,241,582
1,165,688
1,214,703
1,283,277
1,412,441
1,590,012
1,590,0121,412,4411,283,2771,214,7031,165,6881,241,5821,166,391990,129831,139686,291515,477
       Short-term Debt 
339,794
311,118
321,811
560,161
824,524
1,008,824
937,124
687,304
677,377
0
0
00677,377687,304937,1241,008,824824,524560,161321,811311,118339,794
       Short Long Term Debt 
339,794
1,643
8,918
569,781
843,103
1,030,918
962,550
687,304
741,445
768,440
918,668
918,668768,440741,445687,304962,5501,030,918843,103569,7818,9181,643339,794
       Accounts payable 
267,664
356,669
463,589
351,900
216,793
186,420
184,344
477,648
529,614
619,087
656,517
656,517619,087529,614477,648184,344186,420216,793351,900463,589356,669267,664
       Other Current Liabilities 
4,687
15,328
29,632
51,299
101,521
22,215
4,637
1,686
12,218
22,538
3,616
3,61622,53812,2181,6864,63722,215101,52151,29929,63215,3284,687
   > Long-term Liabilities 
0
0
0
64,002
133,803
137,939
175,933
399,016
409,356
374,737
299,262
299,262374,737409,356399,016175,933137,939133,80364,002000
       Long term Debt Total 
0
24,710
109,491
46,214
109,685
106,263
131,375
354,722
375,114
353,049
0
0353,049375,114354,722131,375106,263109,68546,214109,49124,7100
       Long-term Liabilities Other 
0
0
0
-1
0
1
-1
0
1
0
0
0010-110-1000
       Deferred Long Term Liability 
0
0
0
826
2,006
10,650
8,554
8,691
6,140
5,328
0
05,3286,1408,6918,55410,6502,006826000
> Total Stockholder Equity
127,874
177,071
243,166
548,800
826,341
862,253
648,800
683,639
776,446
880,849
963,591
963,591880,849776,446683,639648,800862,253826,341548,800243,166177,071127,874
   Common Stock
28,633
30,183
30,183
40,512
132,437
158,924
158,924
158,924
158,924
158,924
0
0158,924158,924158,924158,924158,924132,43740,51230,18330,18328,633
   Retained Earnings 
56,838
146,888
212,983
290,569
416,800
424,049
208,331
248,482
340,355
721,925
0
0721,925340,355248,482208,331424,049416,800290,569212,983146,88856,838
   Capital Surplus 
0
0
0
0
0
214,836
214,836
0
214,836
0
0
00214,8360214,836214,83600000
   Treasury Stock00000000000
   Other Stockholders Equity 
2,638
2,638
2,638
2,883
62,268
64,444
66,709
61,397
62,331
0
0
0062,33161,39766,70964,44462,2682,8832,6382,6382,638



Balance Sheet

Currency in INR. All numbers in thousands.




Cash Flow

Currency in INR. All numbers in thousands.




Income Statement

Currency in INR. All numbers in thousands.


Latest Income Statement (annual, 2024-03-31)

Gross Profit (+$)
totalRevenue5,351,559
Cost of Revenue-4,462,287
Gross Profit889,272889,272
 
Operating Income (+$)
Gross Profit889,272
Operating Expense-5,088,553
Operating Income263,006-4,199,281
 
Operating Expense (+$)
Research Development0
Selling General Administrative0
Selling And Marketing Expenses0
Operating Expense5,088,5530
 
Net Interest Income (+$)
Interest Income0
Interest Expense-185,742
Other Finance Cost-0
Net Interest Income-185,742
 
Pretax Income (+$)
Operating Income263,006
Net Interest Income-185,742
Other Non-Operating Income Expenses0
Income Before Tax (EBT)97,179263,006
EBIT - interestExpense = -185,742
82,204
267,946
Interest Expense185,742
Earnings Before Interest and Taxes (EBIT)0282,921
Earnings Before Interest and Taxes (EBITDA)0
 
After tax Income (+$)
Income Before Tax97,179
Tax Provision-14,975
Net Income From Continuing Ops82,20482,204
Net Income82,204
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses0
Total Other Income/Expenses Net0185,742
 

Technical Analysis of Arfin
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Arfin. The general trend of Arfin is BEARISH with 71.4% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Arfin's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (-71.4%) Bearish trend (71.4%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Arfin India Ltd.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 42.00 < 47.18 < 51.50.

The bearish price targets are: 37.69 > 36.85 > 32.01.

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Arfin India Ltd Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Arfin India Ltd. The current mas is .

The long score for the Moving Averages is 2/14.
The longshort score for the Moving Averages is -10/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
  • MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
  • MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
  • MA 50 trending down: The MA 50 is trending down. -1
  • Close < MA 50: The price is below the MA 50. -1
  • MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending down: The MA 100 is trending down. -1
  • Close < MA 100: The price is below the MA 100. -1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close < MA 200: The price is below the MA 200. -1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Arfin India Ltd Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Arfin India Ltd. The current macd is -1.972199.

The long score for the Moving Average Convergence/Divergence (MACD) is 3/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 2/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Arfin price going up in the near term. +2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Arfin. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Arfin price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Arfin India Ltd Daily Moving Average Convergence/Divergence (MACD) ChartArfin India Ltd Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Arfin India Ltd. The current adx is 44.07.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -3/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Arfin shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX > 25 && ADX trending down: The ADX is above 25 and indicates a strong bearish trend. The ADX is declining, the bearish trend is weakening. Could be a potential reversal to the upside. -2
Arfin India Ltd Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Arfin India Ltd. The current sar is 40.25.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Arfin India Ltd Daily Parabolic SAR Chart
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3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Arfin India Ltd. The current rsi is 38.78. The current phase is Continuation in bear market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is -2/(-13 +13).

  • Continuation in bear market: Downtrend continues after a consolidation or pullback. Hold or add to short positions.
  • Trending up: The RSI is trending up. +1
Arfin India Ltd Daily Relative Strength Index (RSI) ChartArfin India Ltd Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Arfin India Ltd. The current phase is Continuation in bear market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 2/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Arfin price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Arfin India Ltd Daily Stochastic Oscillator ChartArfin India Ltd Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Arfin India Ltd. The current cci is -63.31377392.

Arfin India Ltd Daily Commodity Channel Index (CCI) ChartArfin India Ltd Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Arfin India Ltd. The current cmo is -15.12527463.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
Arfin India Ltd Daily Chande Momentum Oscillator (CMO) ChartArfin India Ltd Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Arfin India Ltd. The current willr is -60.75757576.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Arfin is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Arfin India Ltd Daily Williams %R ChartArfin India Ltd Daily Williams %R Chart
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4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Arfin India Ltd.

Arfin India Ltd Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Arfin India Ltd. The current atr is 2.01308996.

Arfin India Ltd Daily Average True Range (ATR) ChartArfin India Ltd Daily Average True Range (ATR) Chart
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5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Arfin India Ltd. The current obv is 8,057,281.

Arfin India Ltd Daily On-Balance Volume (OBV) ChartArfin India Ltd Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Arfin India Ltd. The current mfi is 30.47.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

  • MFI < 50: -1
Arfin India Ltd Daily Money Flow Index (MFI) ChartArfin India Ltd Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Arfin India Ltd.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2024-02-29STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-01CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-05MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-03-06STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-11STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-12STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-13MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-14MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-15MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-18STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-20CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-21MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-03-22SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-03-26WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-28DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-04-01DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-08STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-10CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-04-12MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-04-15MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-04-18STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-19STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-22WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-04-23MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-04-24STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-04-25MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-04-26CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-04-29STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-30STOCH LONG EXITThe %K line crosses below the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-05-02STOCH SHORT EXITThe %K line crosses above the %D line.
2024-05-06STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-05-07STOCH SHORT EXITThe %K line crosses above the %D line.
2024-05-09STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-05-10DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-05-13DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-05-14STOCH SHORT EXITThe %K line crosses above the %D line.
2024-05-15SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-05-16MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-05-18CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-05-21STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-22CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-05-23SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-05-29MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-05-30DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-06-03DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-06-04DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-06-05STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-06-07STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-06-10STOCH SHORT EXITThe %K line crosses above the %D line.
2024-06-12STOCH LONG EXITThe %K line crosses below the %D line.
2024-06-14CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-06-24STOCH SHORT EXITThe %K line crosses above the %D line.
2024-06-25SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-06-26MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-06-27CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-06-28STOCH SHORT EXITThe %K line crosses above the %D line.
2024-07-01STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-07-02MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-07-03BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-07-04MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-07-05SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-07-08STOCH LONG EXITThe %K line crosses below the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-07-09ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-07-10STOCH SHORT EXITThe %K line crosses above the %D line.
2024-07-11RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2024-07-12CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-07-15STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-07-22STOCH SHORT EXITThe %K line crosses above the %D line.
2024-07-23RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2024-07-26MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside

6.3. Candlestick Patterns

Arfin India Ltd Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Arfin India Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5038.784
Ma 20Greater thanMa 5041.117
Ma 50Greater thanMa 10045.286
Ma 100Greater thanMa 20048.814
OpenGreater thanClose39.400
Total1/5 (20.0%)
Penke

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