Fundamentals: * ROCE - 11.7%, ROE - 15.3%. Debt to Equity - 4.66 (Financial companies have higher debt considering debt is their inventory) * EPS / Revenue - has been steadily increasing * FIIs - Have reduced stake this quarter which has been picked up by DIIs and MFs * Retail holding levels have gone down * Promoter holding has remained steady * Please note, the ROCE/ROE is not that great but this stock is a decent performer and tends to grow
Technicals: * Cup and Handle in a larger consolidation phase which can lead to Phase 2 * Price is surfing the 10 DMA * RS is strong / Momentum is picking up * ADR is below 4 which can make this a slow moving stock * On weekly chart, the price is extended beyond its 10 WEMA hence a cautious exposure is advised * Price breached the 61.8% Fibo levels with strong volume and now retesting * Low risk entry possible
Note - Entry / SL / Target / Position size - Please figure out on your own based on risk appetite Disclaimer - Your money requires your due diligence! I merely analyze and bring out probabilities. All the best.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.