#FSL
Fundamentals:
* ROCE - 15.4%, ROE - 14.6%. Debt to Equity - 0.58
* 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
Technicals:
* On Weekly Charts, bounce of 20 WEMA is visible
* On daily charts, price is trying to push through the 10 DMA.
* RS is strong / Momentum is picking up
* ADR is presently at 5.1% however this is somewhat slowing down for now.
* Price is trying to breach 50% retracement but the volumes are low.
* For the above points, gradual position building is suggested.
* Low risk entry possible as the candles are fairly low range.
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.
* ROCE - 15.4%, ROE - 14.6%. Debt to Equity - 0.58
* 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
Technicals:
* On Weekly Charts, bounce of 20 WEMA is visible
* On daily charts, price is trying to push through the 10 DMA.
* RS is strong / Momentum is picking up
* ADR is presently at 5.1% however this is somewhat slowing down for now.
* Price is trying to breach 50% retracement but the volumes are low.
* For the above points, gradual position building is suggested.
* Low risk entry possible as the candles are fairly low range.
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.
Disclaimer
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.
Disclaimer
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.