ELIN - SIMPLE SETUP, GREAT POTENTIAL (GOLDEN CROSSOVER)

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Hi All,

This idea is about ELIN ELECTRONICS (EMS Sector)

Fundamentals:

Market Cap - 1033 Cr
Total Sales - 1042 Cr
Stock P/E - 74
Healthy quick ratio - 2
Low ROCE - 5.12%
Increase in promoter holding by 0.42% but still promoter holding low at 33

Technicals:

Price has just broken out of consolidation since Feb 23 near to its listing with expansion in moving averages and golden cross over on daily chart.

Price has crossed Point of Control in VRVP indicator (Volume Profile) supported by surge in volume.

Great Sectoral tailwinds behind EMS sector as a whole

Hope you'll enjoy the trade,

Happy Trading,

Thanks,
Stock-n-Shine

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