Sirca Paints India Limited

Hi Guys ,

Sirca Has Given achieved 26 % in my portfolio ( 19% achieved in my portfolio)

Achieved Rule of 72 in year 1
Buy date Oct 22

Considering year 1 – Oct 22 – Aug 22

Next Target for Sirca is 488 as I am calculating 26% from current market price 380

Reason for this calculation I want to have clear vision for my portfolio and my stocks

Sirca showed weakness for long time

Technno – Funda analysis for Sirca will be best for current scenario and seeing competitive scenarios head
( we can ignore technical analysis if Sirca becomes again strongly bullish in fundamentals)

All Positive News can be validated seeing charts and candles in the charts

Technical analysis

370 Can be treated as supports

Expecting Sirca to trade between 370 to 415 in sideway scenario

Expecting Sirca to hold 370 levels and Breakout 415 in coming 2 3 quarters

Break and hold 488 or 470 for portfolio target and holding Sirca for year 2

Pls also be ready for testing 345 level in bearish scenario

Please note I am not selling Sirca even if technical fails ( bcoz we are long term for fundamental play )
If stock falls , we should find reasons for failures
and do our homework

Nowadays promoters trust and their play in business is giving me 70% trust only in many companies
( 20-30% negative affects company and stock growth sometimes for temporary period)

So it is time to be little technical also so to bring edge to investors also by doing this

Never found fundamental Reason to Sirca to Run from 300 to 393 , to be honest

Never mind , I m happy with hard work done in averaging and holding period and achieved 26%

Target for year 2 – 488
Target for year 3 – 615

Both target are set as per rule of 72

615 will be tough for Sirca let see how fundamentals plays

For next year , I have decided to study about wood coating and wall painting products raw materials , other materials used for manufacturing paints and study in detail about it

Note : – I am not sebi registered analyst and not pro technical person just presenting my view

Do your own research before investing

Discl : invested