Trade setup:
Weekly & daily: crossed long-term trendline (red line) & resistance (blue box) with volume and bullish candle. 50EMA >200EMA as well. Weekly closing was above psychological resistance of 100 INR.
Company key take aways (fundamentally):
1. Company is 100% debt free.
2. The main source of income for the company is by the way of dividends.
3. Company has a profit growth of 62% over the period of 3 years.
4. Company has a profit growth of 29% over the period of 5 years.
5. Operating cost of the company is extremely low as a result Operating Profit Margin of the company is more than 85%.
6. Company has reserves and surplus of 624 Crore rupees.100% debt free.
Buy Price = CMP = 100 INR
SL = below swing low of 71 INR or below 200EMA on daily chart based on your risk apetite.
Target: T1 = 107 INR, T2 = ATH ie; 149 INR
disclosure: not invested
Weekly & daily: crossed long-term trendline (red line) & resistance (blue box) with volume and bullish candle. 50EMA >200EMA as well. Weekly closing was above psychological resistance of 100 INR.
Company key take aways (fundamentally):
1. Company is 100% debt free.
2. The main source of income for the company is by the way of dividends.
3. Company has a profit growth of 62% over the period of 3 years.
4. Company has a profit growth of 29% over the period of 5 years.
5. Operating cost of the company is extremely low as a result Operating Profit Margin of the company is more than 85%.
6. Company has reserves and surplus of 624 Crore rupees.100% debt free.
Buy Price = CMP = 100 INR
SL = below swing low of 71 INR or below 200EMA on daily chart based on your risk apetite.
Target: T1 = 107 INR, T2 = ATH ie; 149 INR
disclosure: not invested
Trade active
14June21: Target (T1) reached ie; 107 INRTrade closed: target reached
10Aug21: Looking at the volumes today, i closed the trade at 111.90 INR.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.