Muthoot Capital - Place in Watchlist (BUY ONLY IF BREAKS OUT 113

Technicals:
1) Above 50/150/200 ema
2) Upward sloping ema
3) Relative strength with respect to small cap index above 100.

Fundamentals:
Quarterly Sales yoy : 24%, 35%, 50%,49%
Operating profit yoy : 16%, 19%, 54%, 51%
Net profit yoy : 36%, 29%, 143%, 94%
Annual EPS FY2017 : 38%
Free float : 5.6 million shares

Trade plan:
Current status - Consolidation phase
Volatility contraction witnessed
Watchlist candidate.
Buy trigger if price breaksout of consolidation phase.
Possibly at 1135.
Stop 1.5 ATR / Low of low volatility base.