Fundamentals:
* ROCE - 15.6%, ROE - 12.5%. Debt to Equity - 0.29
* EPS / Revenue - has been steadily increasing
* FIIs - Have increased stake this quarter from 6.69% to 7.64%
* Retail holding levels have gone down
* Promoter holding has remained steady
* Mutual Funds have increased stake
Technicals:
* Price is bouncing from a historical support zone which was earlier a resistance zone
* Only concern is that the bounce from support zone has been traditionally sharper than present bounce
* This warrants a cautious entry strategy with gradual exposure
* Tight entry can be taken considering candles are small and surfing the 10 / 20 DMA
* Weekly charts are not indicating anything significant
* Price is just below the 50% retracement and requires good volume to push through
* RS is strong / Momentum can pick up / ADR is 6.6% and increasing
I published this chart so that it can be kept in radar. At this point in time I don't think this is lining up for fast moves.
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.
* ROCE - 15.6%, ROE - 12.5%. Debt to Equity - 0.29
* EPS / Revenue - has been steadily increasing
* FIIs - Have increased stake this quarter from 6.69% to 7.64%
* Retail holding levels have gone down
* Promoter holding has remained steady
* Mutual Funds have increased stake
Technicals:
* Price is bouncing from a historical support zone which was earlier a resistance zone
* Only concern is that the bounce from support zone has been traditionally sharper than present bounce
* This warrants a cautious entry strategy with gradual exposure
* Tight entry can be taken considering candles are small and surfing the 10 / 20 DMA
* Weekly charts are not indicating anything significant
* Price is just below the 50% retracement and requires good volume to push through
* RS is strong / Momentum can pick up / ADR is 6.6% and increasing
I published this chart so that it can be kept in radar. At this point in time I don't think this is lining up for fast moves.
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.
Trade chiuso manualmente
Closing due to time stop loss
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.