MOSCHIP BIG BREAKOUT
very strong breakout on monthly timeframe
price broke above resistance and made a decent base above resistance level
mcap 1579cr
stock pe 154 > industry pe 37.2
cmp 87.8 > book value 11.5
dividend yield 0%
debt to eq 0.37
promoter holding 50.3% vs 64.37% in March 2017
turnaround play as company became eps positive in march 2022
Took medium sized position
not thinking to add/reduce as of now because it has many negative factors
Took this position based on Technical chart pattern and very less fundamentals
Target not defined will see how it unfolds
price broke above resistance and made a decent base above resistance level
mcap 1579cr
stock pe 154 > industry pe 37.2
cmp 87.8 > book value 11.5
dividend yield 0%
debt to eq 0.37
promoter holding 50.3% vs 64.37% in March 2017
turnaround play as company became eps positive in march 2022
Took medium sized position
not thinking to add/reduce as of now because it has many negative factors
Took this position based on Technical chart pattern and very less fundamentals
Target not defined will see how it unfolds
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