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 INR
Trade closed: target reached:
10Aug21: Looking at the volumes today, i closed the trade at 111.90 INR.