#MK
#BIRLACABLE
cmp 197
Long suggested above 205.
Stop once long activated - 185.
Logic
Stock in a strong uptrend and passes trend template (MM).
(indicated by 1s in the chart display text)
Stock is currently in consolidation pattern and a possible volatility contraction pattern formation is taking place which will be confirmed once it breaksout of 205 zone.
Hence ideal buy zone is around 205.
Fundamental logic
Fundamentals very strong with triple digit growth in the last 4-5 quarters.
Debt equity 0.37
Promoter holding 66%
CONCERN:
Only major concern is very high trade receivables, as a result of which Operating cash flow for Mar 2018 is negative. In other words profits shown in Mar 2018 include accrued revenue and not fully realised revenue. Trade receivables is almost at the same level in sep 2018. Consolation is historically trade receivables have been at elevated levels and stock has been performing.
SO, DO NOT VIOLATE STOP LOSS.
#BIRLACABLE
cmp 197
Long suggested above 205.
Stop once long activated - 185.
Logic
Stock in a strong uptrend and passes trend template (MM).
(indicated by 1s in the chart display text)
Stock is currently in consolidation pattern and a possible volatility contraction pattern formation is taking place which will be confirmed once it breaksout of 205 zone.
Hence ideal buy zone is around 205.
Fundamental logic
Fundamentals very strong with triple digit growth in the last 4-5 quarters.
Debt equity 0.37
Promoter holding 66%
CONCERN:
Only major concern is very high trade receivables, as a result of which Operating cash flow for Mar 2018 is negative. In other words profits shown in Mar 2018 include accrued revenue and not fully realised revenue. Trade receivables is almost at the same level in sep 2018. Consolation is historically trade receivables have been at elevated levels and stock has been performing.
SO, DO NOT VIOLATE STOP LOSS.
Trading is my passion.