Fundamentals: * ROCE - 11.7%, ROE - 15.3%. Debt to Equity - 4.66 (Financial companies have higher debt considering debt is their inventory) * EPS / Revenue - has been steadily increasing * FIIs - Have reduced stake this quarter which has been picked up by DIIs and MFs * Retail holding levels have gone down * Promoter holding has remained steady * Please note, the ROCE/ROE is not that great but this stock is a decent performer and tends to grow
Technicals: * Cup and Handle in a larger consolidation phase which can lead to Phase 2 * Price is surfing the 10 DMA * RS is strong / Momentum is picking up * ADR is below 4 which can make this a slow moving stock * On weekly chart, the price is extended beyond its 10 WEMA hence a cautious exposure is advised * Price breached the 61.8% Fibo levels with strong volume and now retesting * Low risk entry possible
Note - Entry / SL / Target / Position size - Please figure out on your own based on risk appetite Disclaimer - Your money requires your due diligence! I merely analyze and bring out probabilities. All the best.
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.