Tranch1 - 104 shares at 379
1. Market is in what stage - Identified by what kind of highs and lows that are being formed + movement of price w.r.t 21, 50 and 200 EMA
Price in range since July 2021, Final Decline started from Nov 21
2. Is there any trend reversal in play?
1. Multiple divergence confirmations on MACD , RSI and MFI? No
2. At important support or resistance - horizontal - Yes - 375
3. At important confluence of EMAs + price + support - Yes - Between Weekly 50 and 200
3. How are the candlesticks behaving and what is the volume doing
Candlesticks -LL LL
4. Is there any trend continuation in play?
Currently dropping, may drop more.. next big support 325 (buy here more)
5. Is there any pullback or breakout in play with volume confirmation from a strong horizontal level (support or resistance)
No
6. Fundamental factors in play
1. Revenue growth - EPS vs PE ratio - last 5 years comparison - EPS rising Yearly... PE lowest MAcr 21 - revenue and profit growth strong
2. Are institutional investors/promotors increasing their stake - Heavy institutional money in this, almost 82%
1. Market is in what stage - Identified by what kind of highs and lows that are being formed + movement of price w.r.t 21, 50 and 200 EMA
Price in range since July 2021, Final Decline started from Nov 21
2. Is there any trend reversal in play?
1. Multiple divergence confirmations on MACD , RSI and MFI? No
2. At important support or resistance - horizontal - Yes - 375
3. At important confluence of EMAs + price + support - Yes - Between Weekly 50 and 200
3. How are the candlesticks behaving and what is the volume doing
Candlesticks -LL LL
4. Is there any trend continuation in play?
Currently dropping, may drop more.. next big support 325 (buy here more)
5. Is there any pullback or breakout in play with volume confirmation from a strong horizontal level (support or resistance)
No
6. Fundamental factors in play
1. Revenue growth - EPS vs PE ratio - last 5 years comparison - EPS rising Yearly... PE lowest MAcr 21 - revenue and profit growth strong
2. Are institutional investors/promotors increasing their stake - Heavy institutional money in this, almost 82%
Trade closed manually:
Exited Crompton at 399 at 15.6% profit on 19 July 2022
Added 200 more at 340 on 20 May