CMP 252 Long suggested at CMP (245 above) Stop 229 Target - Open
Logic:
Technicals :
Stock has been steadily in uptrend as evident from MAs and RS / RSI Stock has made a series of correction to the extent of 25% / 22% and 17%, leading to contraction in pull backs. Stock has made a breakout post the pullback series with volume around 3x of pullback vols.(Note: volume masked in #VCP 29W 25/17 3T pattern
Fundamentals :
Last 4 quarters EPS growth YoY : 113%,108%,110%,508% Last 4 quarters Sales growth YoY: 15%, 22%, 32%, 40% D/E : 0.3 (Note : Promoter holding is only 37% )
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