EMUDHRA - BASE ON BASE FORMATION WITH BREAKOUT

Hi All,

This idea is about EMUDHRA

Fundamentals

Market Cap - 7438 Cr
Stock PE - 98.7
ROE - 14.4%
ROCE - 17.7%
Promoter Buying - 54.4
Quick Ratio - 5.71
D/E - 0.01

Emudhra is a licensed certifying authority involved in issuing digital signature certificates in India under its eMudhra brand. The company is licensed by the Controller of Certifying Authorities (CCA), Ministry of Information Technology, and operates under the guidelines set by the Information technology Act

Technicals

After forming 2 bases, the price action is poised for stage 3 advance before forming next base. All the stages are shown in chart for clarification

Hope you'll enjoy this idea,

Happy Trading,

Thanks,
Stock-n-Shine