Tranche 1 - 41 shares @ 1232 on 23 March 2022
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 declining since top in Sept... Looks like bottoming out since Feb. Ideally should start movement upwards.
2. Is there any trend reversal in play?
1. Multiple divergence confirmations on MACD , RSI and MFI - Very clear on daily across all three
2. At important support or resistance - horizontal - Yes - 1220
3. At important confluence of EMAs + price + support - Yes - Weekly 200
3. How are the candlesticks behaving and what is the volume doing
Candlesticks - Currently showing decline is stopping and a trend reversal might be in play
4. Is there any trend continuation in play?
Currently down trend looks like arresting and it looks ready for a rebound
5. Is there any pullback or breakout in play with volume confirmation from a strong horizontal level (support or resistance)
No pullbacks or breakouts as of now
6. Fundamental factors in play
1. Revenue growth - EPS vs PE ratio - last 5 years comparison - EPS rising Yearly... but significant drop in OPMs this year... a better OPM can lead to explosive growth in price... also PE ratio to EPS is a very attractive since 2019
2. Are institutional investors/promotors increasing their stake - FII and DII increased stake and retail decreased
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 declining since top in Sept... Looks like bottoming out since Feb. Ideally should start movement upwards.
2. Is there any trend reversal in play?
1. Multiple divergence confirmations on MACD , RSI and MFI - Very clear on daily across all three
2. At important support or resistance - horizontal - Yes - 1220
3. At important confluence of EMAs + price + support - Yes - Weekly 200
3. How are the candlesticks behaving and what is the volume doing
Candlesticks - Currently showing decline is stopping and a trend reversal might be in play
4. Is there any trend continuation in play?
Currently down trend looks like arresting and it looks ready for a rebound
5. Is there any pullback or breakout in play with volume confirmation from a strong horizontal level (support or resistance)
No pullbacks or breakouts as of now
6. Fundamental factors in play
1. Revenue growth - EPS vs PE ratio - last 5 years comparison - EPS rising Yearly... but significant drop in OPMs this year... a better OPM can lead to explosive growth in price... also PE ratio to EPS is a very attractive since 2019
2. Are institutional investors/promotors increasing their stake - FII and DII increased stake and retail decreased
Trade closed manually:
Trade Closed on 6 april with 10.4% profit at 1360