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Technical Report on NIPPOBATRY by Shyam Advisory

December 20, 2021

Indo National (NIPPOBATRY)is engaged in the business of manufacture and
marketing of batteries, torches, LED products, emergency power backup products,
mosquito bats and other electrical goods.

NIPON 1 - Shyam Advisory
Technical View: The stock had a descending triangle breakout with strong bullish
candle ,Structure look positive , RSI divergence indicate buying signal and MACD
crossover is supporting trend, Classical descending triangle pattern exit we expect
positive move in near term.
Volume analysis:- One month averaged delivery volume increase by 75.35% and
one day delivery volume increase by 4733.78% over 5 day average, which show
stock is building up positive momentum, Hence; we recommend “BUY’ signal only
above from for the target of 550 and 580 With Stop loss below 470.
Moving Averages :-Indo-National Ltd. is trading higher than 5 day, 20 day, 50 day,
100 day and 200 day moving averages.
5 Day 434.38 50 Day 469.22 200 Day 455.30
20 Day 436.85 100 Day 492.19
Date 20/12/2021
Shareholding pattern:-

NIPON 2 - Shyam Advisory
Promoters holding 65.35%, The Promoter holdings have remained constant.
However, the number of shares held by the Promoters has increased by 100%,The
proportion of Promoter pledged shares has decreased by -3.6724%
Key Statistics
P/E Ratio
11.75
1-Yr Return
65.34
(Best) P/E Ratio
0.00
30 DA Vol (m)
0.01
(Best) PEG Ratio
0.00
EPS (Rs.)
81.01
Shares Outstanding (cr)
3.75
Best EPS Curr (Rs.)
0.00
Price/Book Ratio
1.47
Dividend
2.63
Price/Sales Ratio
0.67
Last Dividend
0.00