MMT_MakeMoneyTrading

#BANCOINDIA DTF VCP BO with Volume

Long
NSE:BANCOINDIA   BANCO PRODUCTS
WTF was in a UT, Formed a Base
DTF Formed at VCP with Volume Dry-up
BO with volume
MACD Bullish
RS Line was making 52WH

Mindset Follow the setup up taking 50% qty

Fundamentals:-

Market Cap
₹ 4,790 Cr.
Industry PE
36.6
Stock P/E
17.6
ROCE
26.6 %
ROE
26.4 %

PROS

The company has delivered good profit growth of 31.5% CAGR over the last 5 years.

CONS

The company might be capitalizing on the interest cost.

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