Best swing trading small-cap stock to keep an eye on!
Its price relative strength is at a new high and shows a strong outperformance compared to the broader market.
Grauer & Weil (India) Ltd is the trendsetter in the general metal finishing Industry. It also has a strong presence in Electroplating & Specialty Chemicals and Engineering equipment. It also has the Protective Coatings & Industrial Lubricants division and has become a One-Stop Solution Provider for protecting all types of substrates across the various industrial segments. Its R&D division is recognised by the Indian Council of Science & Technology for its innovative & technological prowess in the Chemical & Paint divisions.
It is the first Chemical Company in India to have received the coveted AS9100 Aerospace Certification, established by The Aerospace industry, demonstrating our ability to satisfy DOD, NASA and FAA quality standards.
Technically, the stock has broken out of cup and handle pattern, with above-average volume. Its price relative strength is at a new high and shows a strong outperformance compared to the broader market. It is comfortably placed above its key moving averages above its 50DMA and 200DMA. The weekly MACD has given a fresh buy signal. The 20 period RSI is in a strong bullish zone. The Elder impulse system has formed a strong bullish bar, trading above the Ichimoku cloud. The KST and the TSI indicator have been in a bullish set-up.
The stock also cleared the Anchored VWAP resistance. It is also meeting a majority of CANSLIM investing characteristics. Furthermore, the stock meets Warren Buffet rules of investing. In short, the stock needs to be on your watchlist.