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SWADESHI POLYTEX LTD.
Buy, Hold or Sell?

Let's analyse SWADESHI POLYTEX LTD. together

PenkeI guess you are interested in SWADESHI POLYTEX 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 SWADESHI POLYTEX 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.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of SWADESHI POLYTEX LTD. (30 sec.)










What can you expect buying and holding a share of SWADESHI POLYTEX LTD.? (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?
0.0%

What is your share worth?

Current worth
INR6.77
Expected worth in 1 year
INR42.51
How sure are you?
60.0%

+ What do you gain per year?

Total Gains per Share
INR35.74
Return On Investment
13.9%

For what price can you sell your share?

Current Price per Share
INR256.30
Expected price per share
INR120.05 - INR
How sure are you?
50%

1. Valuation of SWADESHI POLYTEX LTD. (5 min.)




Live pricePrice per Share (EOD)

INR256.30

Intrinsic Value Per Share

INR80.35 - INR95.59

Total Value Per Share

INR87.11 - INR102.36

2. Growth of SWADESHI POLYTEX LTD. (5 min.)




Is SWADESHI POLYTEX LTD. growing?

Current yearPrevious yearGrowGrow %
How rich?$3.1m-$1m$4.1m132.0%

How much money is SWADESHI POLYTEX LTD. making?

Current yearPrevious yearGrowGrow %
Making money$4.1m$3m$1.1m26.8%
Net Profit Margin78.6%70.5%--

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

3. Financial Health of SWADESHI POLYTEX LTD. (5 min.)




What can you expect buying and holding a share of SWADESHI POLYTEX LTD.? (5 min.)

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

What can you expect buying and holding a share of SWADESHI POLYTEX LTD.?

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

Speculation

The Price per Share of SWADESHI POLYTEX LTD. is INR256.30. 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 SWADESHI POLYTEX LTD..
  • 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 SWADESHI POLYTEX LTD., 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 INR6.77. Based on the TTM, the Book Value Change Per Share is INR8.94 per quarter. Based on the YOY, the Book Value Change Per Share is INR6.54 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 SWADESHI POLYTEX LTD..

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 Eps0.110.0%0.110.0%0.080.0%0.050.0%0.050.0%
Usd Book Value Change Per Share0.110.0%0.110.0%0.080.0%0.020.0%0.020.0%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share0.110.0%0.110.0%0.080.0%0.020.0%0.020.0%
Usd Price Per Share0.44-0.44-0.05-0.19-0.19-
Price to Earnings Ratio4.08-4.08-0.66-1.13-1.13-
Price-to-Total Gains Ratio4.08-4.08-0.66--1.87--1.87-
Price to Book Ratio5.39-5.39--2.00--0.07--0.07-
Price-to-Total Gains Ratio4.08-4.08-0.66--1.87--1.87-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share3.0756
Number of shares325
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share0.110.02
Usd Total Gains Per Share0.110.02
Gains per Quarter (325 shares)34.855.28
Gains per Year (325 shares)139.3921.12
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1013912902111
2027926804232
3041840706353
4055854608474
50697685010695
608368240127116
709769630148137
80111511020169158
90125412410190179
100139413800211200

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%2.01.00.066.7%4.01.00.080.0%4.01.00.080.0%4.01.00.080.0%
Book Value Change Per Share1.00.00.0100.0%2.01.00.066.7%3.02.00.060.0%3.02.00.060.0%3.02.00.060.0%
Dividend per Share0.00.01.00.0%0.00.03.00.0%0.00.05.00.0%0.00.05.00.0%0.00.05.00.0%
Total Gains per Share1.00.00.0100.0%2.01.00.066.7%3.02.00.060.0%3.02.00.060.0%3.02.00.060.0%

Fundamentals of SWADESHI POLYTEX LTD.

About SWADESHI POLYTEX LTD.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is very efficient in making profit.
Using its investors money, the company is very efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is very efficient 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 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 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 cheap.
Based on how much money comes from the company's main activities, the company is cheap.

1.1. Profitability of SWADESHI POLYTEX LTD..

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit SWADESHI POLYTEX LTD. earns for each ₹1 of revenue.

  • Above 10% is considered healthy but always compare SWADESHI POLYTEX LTD. to the  industry mean.
  • A Net Profit Margin of 78.6% means that ₹0.79 for each ₹1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of SWADESHI POLYTEX LTD.:

  • The MRQ is 78.6%. The company is making a huge profit. +2
  • The TTM is 78.6%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ78.6%TTM78.6%0.0%
TTM78.6%YOY70.5%+8.1%
TTM78.6%5Y56.8%+21.8%
5Y56.8%10Y56.8%0.0%
1.1.2. Return on Assets

Shows how efficient SWADESHI POLYTEX LTD. is using its assets to generate profit.

  • Above 5% is considered healthy but always compare SWADESHI POLYTEX LTD. to the  industry mean.
  • 53.5% Return on Assets means that SWADESHI POLYTEX LTD. generated ₹0.54 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of SWADESHI POLYTEX LTD.:

  • The MRQ is 53.5%. Using its assets, the company is very efficient in making profit. +2
  • The TTM is 53.5%. Using its assets, the company is very efficient in making profit. +2
Trends
Current periodCompared to+/- 
MRQ53.5%TTM53.5%0.0%
TTM53.5%YOY75.1%-21.6%
TTM53.5%5Y49.4%+4.1%
5Y49.4%10Y49.4%0.0%
1.1.3. Return on Equity

Shows how efficient SWADESHI POLYTEX LTD. is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare SWADESHI POLYTEX LTD. to the  industry mean.
  • 132.0% Return on Equity means SWADESHI POLYTEX LTD. generated ₹1.32 for each ₹1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of SWADESHI POLYTEX LTD.:

  • The MRQ is 132.0%. Using its investors money, the company is very efficient in making profit. +2
  • The TTM is 132.0%. Using its investors money, the company is very efficient in making profit. +2
Trends
Current periodCompared to+/- 
MRQ132.0%TTM132.0%0.0%
TTM132.0%YOY-+132.0%
TTM132.0%5Y26.4%+105.6%
5Y26.4%10Y26.4%0.0%

1.2. Operating Efficiency of SWADESHI POLYTEX LTD..

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient SWADESHI POLYTEX LTD. is operating .

  • Measures how much profit SWADESHI POLYTEX LTD. 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 SWADESHI POLYTEX LTD. to the  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 SWADESHI POLYTEX LTD.:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-0.0%
TTM-5Y31.1%-31.1%
5Y31.1%10Y31.1%0.0%
1.2.2. Operating Ratio

Measures how efficient SWADESHI POLYTEX LTD. is keeping operating costs low.

  • Below 1 is considered healthy (always compare to  industry mean).
  • An Operation Ratio of 0.11 means that the operating costs are ₹0.11 for each ₹1 in net sales.

Let's take a look of the Operating Ratio trends of SWADESHI POLYTEX LTD.:

  • The MRQ is 0.108. The company is very efficient in keeping operating costs low. +2
  • The TTM is 0.108. The company is very efficient in keeping operating costs low. +2
Trends
Current periodCompared to+/- 
MRQ0.108TTM0.1080.000
TTM0.108YOY0.107+0.001
TTM0.1085Y0.147-0.039
5Y0.14710Y0.1470.000

1.3. Liquidity of SWADESHI POLYTEX LTD..

1.3. Liquidity
1.3.1. Current Ratio

Measures if SWADESHI POLYTEX LTD. is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to  industry mean).
  • A Current Ratio of 1.45 means the company has ₹1.45 in assets for each ₹1 in short-term debts.

Let's take a look of the Current Ratio trends of SWADESHI POLYTEX LTD.:

  • The MRQ is 1.446. The company is just able to pay all its short-term debts.
  • The TTM is 1.446. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.446TTM1.4460.000
TTM1.446YOY0.807+0.640
TTM1.4465Y0.564+0.883
5Y0.56410Y0.5640.000
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare SWADESHI POLYTEX LTD. to the  industry mean.
  • A Quick Ratio of 1.27 means the company can pay off ₹1.27 for each ₹1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of SWADESHI POLYTEX LTD.:

  • The MRQ is 1.272. The company is able to pay all its short-term debts with the most liquid assets. +1
  • The TTM is 1.272. The company is able to pay all its short-term debts with the most liquid assets. +1
Trends
Current periodCompared to+/- 
MRQ1.272TTM1.2720.000
TTM1.272YOY0.562+0.710
TTM1.2725Y0.373+0.899
5Y0.37310Y0.3730.000

1.4. Solvency of SWADESHI POLYTEX LTD..

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of SWADESHI POLYTEX LTD. assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare SWADESHI POLYTEX LTD. to industry mean.
  • A Debt to Asset Ratio of 0.59 means that SWADESHI POLYTEX LTD. assets are financed with 59.5% credit (debt) and the remaining percentage (100% - 59.5%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of SWADESHI POLYTEX LTD.:

  • The MRQ is 0.595. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.595. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.595TTM0.5950.000
TTM0.595YOY1.249-0.654
TTM0.5955Y2.471-1.877
5Y2.47110Y2.4710.000
1.4.2. Debt to Equity Ratio

Measures if SWADESHI POLYTEX LTD. is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare SWADESHI POLYTEX LTD. to the  industry mean.
  • A Debt to Equity ratio of 146.6% means that company has ₹1.47 debt for each ₹1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of SWADESHI POLYTEX LTD.:

  • The MRQ is 1.466. The company is able to pay all its debts with equity. +1
  • The TTM is 1.466. The company is able to pay all its debts with equity. +1
Trends
Current periodCompared to+/- 
MRQ1.466TTM1.4660.000
TTM1.466YOY-+1.466
TTM1.4665Y0.293+1.173
5Y0.29310Y0.2930.000

2. Market Valuation of SWADESHI POLYTEX 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 SWADESHI POLYTEX LTD. generates.

  • Above 15 is considered overpriced but always compare SWADESHI POLYTEX LTD. to the  industry mean.
  • A PE ratio of 4.08 means the investor is paying ₹4.08 for every ₹1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of SWADESHI POLYTEX LTD.:

  • The EOD is 28.685. Based on the earnings, the company is overpriced. -1
  • The MRQ is 4.079. Based on the earnings, the company is cheap. +2
  • The TTM is 4.079. Based on the earnings, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD28.685MRQ4.079+24.605
MRQ4.079TTM4.0790.000
TTM4.079YOY0.663+3.416
TTM4.0795Y1.129+2.950
5Y1.12910Y1.1290.000
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of SWADESHI POLYTEX LTD.:

  • The EOD is 31.614. Based on how much money comes from the company's main activities, the company is fair priced.
  • The MRQ is 4.496. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 4.496. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD31.614MRQ4.496+27.118
MRQ4.496TTM4.4960.000
TTM4.496YOY0.657+3.839
TTM4.4965Y0.284+4.212
5Y0.28410Y0.2840.000
2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to industry mean).
  • A PB ratio of 5.39 means the investor is paying ₹5.39 for each ₹1 in book value.

Let's take a look of the Price to Book Ratio trends of SWADESHI POLYTEX LTD.:

  • The EOD is 37.870. Based on the equity, the company is expensive. -2
  • The MRQ is 5.386. Based on the equity, the company is overpriced. -1
  • The TTM is 5.386. Based on the equity, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD37.870MRQ5.386+32.484
MRQ5.386TTM5.3860.000
TTM5.386YOY-2.003+7.388
TTM5.3865Y-0.073+5.459
5Y-0.07310Y-0.0730.000
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of SWADESHI POLYTEX 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--8.9358.9350%6.545+37%1.354+560%1.354+560%
Book Value Per Share--6.7686.7680%-2.167+132%-4.747+170%-4.747+170%
Current Ratio--1.4461.4460%0.807+79%0.564+157%0.564+157%
Debt To Asset Ratio--0.5950.5950%1.249-52%2.471-76%2.471-76%
Debt To Equity Ratio--1.4661.4660%-+100%0.293+400%0.293+400%
Dividend Per Share----0%-0%-0%-0%
Eps--8.9358.9350%6.545+37%4.029+122%4.029+122%
Free Cash Flow Per Share--8.1078.1070%6.611+23%4.701+72%4.701+72%
Free Cash Flow To Equity Per Share--8.1078.1070%6.611+23%2.894+180%2.894+180%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--95.588--------
Intrinsic Value_10Y_min--80.346--------
Intrinsic Value_1Y_max--5.780--------
Intrinsic Value_1Y_min--5.617--------
Intrinsic Value_3Y_max--20.262--------
Intrinsic Value_3Y_min--19.084--------
Intrinsic Value_5Y_max--38.234--------
Intrinsic Value_5Y_min--34.869--------
Market Cap--1421550000.0001421550000.0000%169260000.000+740%617370000.000+130%617370000.000+130%
Net Profit Margin--0.7860.7860%0.705+12%0.568+38%0.568+38%
Operating Margin----0%-0%0.311-100%0.311-100%
Operating Ratio--0.1080.1080%0.107+1%0.147-26%0.147-26%
Pb Ratio37.870+86%5.3865.3860%-2.003+137%-0.073+101%-0.073+101%
Pe Ratio28.685+86%4.0794.0790%0.663+515%1.129+261%1.129+261%
Price Per Share256.300+86%36.45036.4500%4.340+740%15.830+130%15.830+130%
Price To Free Cash Flow Ratio31.614+86%4.4964.4960%0.657+585%0.284+1481%0.284+1481%
Price To Total Gains Ratio28.685+86%4.0794.0790%0.663+515%-1.874+146%-1.874+146%
Quick Ratio--1.2721.2720%0.562+126%0.373+241%0.373+241%
Return On Assets--0.5350.5350%0.751-29%0.494+8%0.494+8%
Return On Equity--1.3201.3200%-+100%0.264+400%0.264+400%
Total Gains Per Share--8.9358.9350%6.545+37%1.354+560%1.354+560%
Usd Book Value--3167388.0003167388.0000%-1014252.000+132%-2221555.200+170%-2221555.200+170%
Usd Book Value Change Per Share--0.1070.1070%0.079+37%0.016+560%0.016+560%
Usd Book Value Per Share--0.0810.0810%-0.026+132%-0.057+170%-0.057+170%
Usd Dividend Per Share----0%-0%-0%-0%
Usd Eps--0.1070.1070%0.079+37%0.048+122%0.048+122%
Usd Free Cash Flow--3794184.0003794184.0000%3093756.000+23%2200245.600+72%2200245.600+72%
Usd Free Cash Flow Per Share--0.0970.0970%0.079+23%0.056+72%0.056+72%
Usd Free Cash Flow To Equity Per Share--0.0970.0970%0.079+23%0.035+180%0.035+180%
Usd Market Cap--17058600.00017058600.0000%2031120.000+740%7408440.000+130%7408440.000+130%
Usd Price Per Share3.076+86%0.4370.4370%0.052+740%0.190+130%0.190+130%
Usd Profit--4181640.0004181640.0000%3063036.000+37%1885747.200+122%1885747.200+122%
Usd Revenue--5320272.0005320272.0000%4347360.000+22%2632977.600+102%2632977.600+102%
Usd Total Gains Per Share--0.1070.1070%0.079+37%0.016+560%0.016+560%
 EOD+2 -4MRQTTM+0 -0YOY+25 -75Y+27 -610Y+27 -6

3.2. Fundamental Score

Let's check the fundamental score of SWADESHI POLYTEX LTD. based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1528.685
Price to Book Ratio (EOD)Between0-137.870
Net Profit Margin (MRQ)Greater than00.786
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than11.272
Current Ratio (MRQ)Greater than11.446
Debt to Asset Ratio (MRQ)Less than10.595
Debt to Equity Ratio (MRQ)Less than11.466
Return on Equity (MRQ)Greater than0.151.320
Return on Assets (MRQ)Greater than0.050.535
Total6/10 (60.0%)

3.3. Technical Score

Let's check the technical score of SWADESHI POLYTEX LTD. based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5093.113
Ma 20Greater thanMa 50174.300
Ma 50Greater thanMa 100145.177
Ma 100Greater thanMa 200122.651
OpenGreater thanClose256.300
Total4/5 (80.0%)



Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2019-03-312020-03-312021-03-312022-03-312023-03-31
Total Stockholder Equity -441,895118,488-323,407-16,367-339,774255,253-84,521348,470263,949
Retained Earnings  -491,870118,488-373,382-183,437-556,819255,253-301,566348,47046,904
Net Working Capital  -461,85985,603-376,2564,154-372,102294,222-77,880240,931163,051
Net Invested Capital  -278,872-26,620-305,492-16,367-321,859237,338-84,521348,470263,949



Latest Balance Sheet

Balance Sheet of 2023-03-31. Currency in INR. All numbers in thousands.

Summary
Total Assets650,980
Total Liabilities387,031
Total Stockholder Equity263,949
 As reported
Total Liabilities 387,031
Total Stockholder Equity+ 263,949
Total Assets = 650,980

Assets

Total Assets650,980
Total Current Assets528,383
Long-term Assets122,597
Total Current Assets
Cash And Cash Equivalents 174
Short-term Investments 464,744
Inventory 37,782
Other Current Assets 12,324
Total Current Assets  (as reported)528,383
Total Current Assets  (calculated)515,024
+/- 13,359
Long-term Assets
Property Plant Equipment 640
Intangible Assets 164
Long-term Assets Other 118,025
Long-term Assets  (as reported)122,597
Long-term Assets  (calculated)118,829
+/- 3,768

Liabilities & Shareholders' Equity

Total Current Liabilities365,332
Long-term Liabilities21,699
Total Stockholder Equity263,949
Total Current Liabilities
Accounts payable 11,174
Other Current Liabilities 351,037
Total Current Liabilities  (as reported)365,332
Total Current Liabilities  (calculated)362,211
+/- 3,121
Long-term Liabilities
Long-term Liabilities  (as reported)21,699
Long-term Liabilities  (calculated)0
+/- 21,699
Total Stockholder Equity
Retained Earnings 46,904
Total Stockholder Equity (as reported)263,949
Total Stockholder Equity (calculated)46,904
+/- 217,045
Other
Capital Stock39,000
Common Stock Shares Outstanding 39,000
Net Invested Capital 263,949
Net Working Capital 163,051
Property Plant and Equipment Gross 2,138



Balance Sheet

Currency in INR. All numbers in thousands.

 Trend2023-03-312022-03-312021-03-312020-03-312019-03-312018-03-312017-03-31
> Total Assets 
0
0
133,075
170,682
147,860
339,769
650,980
650,980339,769147,860170,682133,07500
   > Total Current Assets 
82,459
88,106
88,128
96,191
93,890
324,768
528,383
528,383324,76893,89096,19188,12888,10682,459
       Cash And Cash Equivalents 
0
0
12,589
29,902
9,441
27,785
174
17427,7859,44129,90212,58900
       Short-term Investments 
0
0
0
0
4
226,306
464,744
464,744226,30640000
       Net Receivables 
5,126
5,625
10,160
6,196
0
0
0
0006,19610,1605,6255,126
       Inventory 
69,283
68,212
65,341
60,054
60,054
50,039
37,782
37,78250,03960,05460,05465,34168,21269,283
   > Long-term Assets 
0
0
44,947
74,491
53,970
15,001
122,597
122,59715,00153,97074,49144,94700
       Property Plant Equipment 
567
491
410
547
468
476
640
640476468547410491567
       Intangible Assets 
0
0
0
333
277
220
164
164220277333000
       Long-term Assets Other 
0
0
1,325
0
25,166
20
118,025
118,0252025,16601,32500
> Total Liabilities 
0
0
574,970
494,089
487,634
424,290
387,031
387,031424,290487,634494,089574,97000
   > Total Current Liabilities 
624,862
630,309
549,987
472,447
465,992
402,648
365,332
365,332402,648465,992472,447549,987630,309624,862
       Short Long Term Debt 
0
0
163,023
17,915
17,915
0
0
0017,91517,915163,02300
       Accounts payable 
4,480
7,449
9,372
7,652
10,761
4,095
11,174
11,1744,09510,7617,6529,3727,4494,480
       Other Current Liabilities 
306,359
287,069
372,288
445,861
1
397,102
351,037
351,037397,1021445,861372,288287,069306,359
   > Long-term Liabilities 
0
0
24,983
21,642
21,642
21,642
21,699
21,69921,64221,64221,64224,98300
       Long-term Liabilities Other 
0
0
0
0
1
0
0
0010000
> Total Stockholder Equity
0
0
-441,895
-323,407
-339,774
-84,521
263,949
263,949-84,521-339,774-323,407-441,89500
   Common Stock
39,000
39,000
39,000
39,000
0
0
0
00039,00039,00039,00039,000
   Retained Earnings Total Equity0000000
   Accumulated Other Comprehensive Income 0000000
   Capital Surplus 0000000
   Treasury Stock0000000
   Other Stockholders Equity 
10,975
10,975
10,975
10,975
0
0
0
00010,97510,97510,97510,975



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, 2023-03-31)

Gross Profit (+$)
totalRevenue443,356
Cost of Revenue-12,257
Gross Profit431,099431,099
 
Operating Income (+$)
Gross Profit431,099
Operating Expense-35,643
Operating Income407,713395,456
 
Operating Expense (+$)
Research Development0
Selling General Administrative12,979
Selling And Marketing Expenses0
Operating Expense35,64312,979
 
Net Interest Income (+$)
Interest Income24,666
Interest Expense-0
Other Finance Cost-0
Net Interest Income24,666
 
Pretax Income (+$)
Operating Income407,713
Net Interest Income24,666
Other Non-Operating Income Expenses0
Income Before Tax (EBT)432,379407,713
EBIT - interestExpense = 0
348,470
348,470
Interest Expense0
Earnings Before Interest and Taxes (EBIT)0432,379
Earnings Before Interest and Taxes (EBITDA)432,579
 
After tax Income (+$)
Income Before Tax432,379
Tax Provision-83,661
Net Income From Continuing Ops348,718348,718
Net Income348,470
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 Net0-24,666
 

Technical Analysis of SWADESHI POLYTEX LTD.
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 SWADESHI POLYTEX LTD.. The general trend of SWADESHI POLYTEX LTD. is BULLISH with 100.0% 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 SWADESHI POLYTEX LTD.'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 (100.0%) Bearish trend (-100.0%)
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 SWADESHI POLYTEX 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: .

The bearish price targets are: 139.90 > 134.65 > 120.05.

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SWADESHI POLYTEX 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 SWADESHI POLYTEX LTD.. The current mas is .

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

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above 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 above 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

SWADESHI POLYTEX 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 SWADESHI POLYTEX LTD.. The current macd is 29.08.

The long score for the Moving Average Convergence/Divergence (MACD) is 4/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 4/(-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 SWADESHI POLYTEX LTD. price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for SWADESHI POLYTEX LTD.. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the SWADESHI POLYTEX LTD. price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +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
SWADESHI POLYTEX LTD. Daily Moving Average Convergence/Divergence (MACD) ChartSWADESHI POLYTEX 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 SWADESHI POLYTEX LTD.. The current adx is 54.12.

The long score for the Directional Movement Index (DMI) is 4/7.
The longshort score for the Directional Movement Index (DMI) is 4/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy SWADESHI POLYTEX LTD. shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending up: The ADX is above 25 and indicates a strong bullish trend. The ADX is trending up, so the bullish trend is strengthening.
SWADESHI POLYTEX 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 SWADESHI POLYTEX LTD.. The current sar is 203.65.

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

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
SWADESHI POLYTEX LTD. Daily Parabolic SAR Chart

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 SWADESHI POLYTEX LTD.. The current rsi is 93.11. The current phase is Overbought in bull market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is 0/(-13 +13).

  • Overbought in bull market: Short-term excessive buying, potential for pullback. Consider taking profits, be cautious of potential correction. -1
  • Trending up: The RSI is trending up. +1
SWADESHI POLYTEX LTD. Daily Relative Strength Index (RSI) ChartSWADESHI POLYTEX 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 SWADESHI POLYTEX LTD.. The current phase is Overbought in bull market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 0/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH > 80: The STOCH %K is above 80 and overbought. +2
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the SWADESHI POLYTEX LTD. price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
SWADESHI POLYTEX LTD. Daily Stochastic Oscillator ChartSWADESHI POLYTEX 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 SWADESHI POLYTEX LTD.. The current cci is 160.18.

The long score for the Commodity Channel Index (CCI) is 1/1.
The longshort score for the Commodity Channel Index (CCI) is 1/(-1 +1).

  • CCI > 100: The CCI is above 100, it indicates that the price is significantly above its average, suggesting a potential overbought condition. +1
SWADESHI POLYTEX LTD. Daily Commodity Channel Index (CCI) ChartSWADESHI POLYTEX 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 SWADESHI POLYTEX LTD.. The current cmo is 92.98.

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

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
SWADESHI POLYTEX LTD. Daily Chande Momentum Oscillator (CMO) ChartSWADESHI POLYTEX 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 SWADESHI POLYTEX LTD.. The current willr is 0.

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

  • WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1
SWADESHI POLYTEX LTD. Daily Williams %R ChartSWADESHI POLYTEX LTD. Daily Williams %R Chart

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 SWADESHI POLYTEX LTD..

SWADESHI POLYTEX 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 SWADESHI POLYTEX LTD.. The current atr is 8.29639632.

SWADESHI POLYTEX LTD. Daily Average True Range (ATR) ChartSWADESHI POLYTEX LTD. Daily Average True Range (ATR) Chart

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 SWADESHI POLYTEX LTD.. The current obv is 370,874.

SWADESHI POLYTEX LTD. Daily On-Balance Volume (OBV) ChartSWADESHI POLYTEX 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 SWADESHI POLYTEX LTD.. The current mfi is 95.47.

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

  • MFI > 50: +1
  • MFI > 80: +1
SWADESHI POLYTEX LTD. Daily Money Flow Index (MFI) ChartSWADESHI POLYTEX LTD. Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for SWADESHI POLYTEX 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
2023-11-29ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-30ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-01ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-04ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-05ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-11MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-12SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2023-12-13MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-12-14RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2023-12-18CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-19WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-20MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-12-21DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2023-12-26CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-12-27MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-12-29STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-03CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-10SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-01-12CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-15DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-16MACD 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.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-17STOCH LONG EXITThe %K line crosses below the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-18ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-19RSI SHORT ENTRY LONG CLOSE70 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-20ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-22STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-23SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-01-24STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-30MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-01STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-02MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-02-05SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-02-06STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-09MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-12SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-13MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-02-14SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-02-16STOCH LONG EXITThe %K line crosses below the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-20MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-23RSI SHORT ENTRY LONG CLOSE70 crossover to downside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-02-28MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-02-29SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-01CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-04STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-06STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-11STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-14STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-15DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-19CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-21STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-26DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-27CCI LONG ENTRY SHORT CLOSE100 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).
2024-03-28MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-04-01STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-02MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-04-03RSI SHORT ENTRY LONG CLOSE70 crossover to downside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-04-04STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-04-05BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-04-08ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-04-09STOCH LONG EXITThe %K line crosses below the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-04-10ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-04-12ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-04-15ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-04-16ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-04-18ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-04-19ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-04-22ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-04-23ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).

6.3. Candlestick Patterns

SWADESHI POLYTEX LTD. Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of SWADESHI POLYTEX LTD. based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5093.113
Ma 20Greater thanMa 50174.300
Ma 50Greater thanMa 100145.177
Ma 100Greater thanMa 200122.651
OpenGreater thanClose256.300
Total4/5 (80.0%)
Penke

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