Tranche 1 - 60 shares at 507 on 18 Oct 2021
Tranche 2 - 39 shares at 480 on 3 Nov 2021
Tranche 3 - 80 shares at 376 on 31 Mar 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 topped out on 11 Jan 2021, in range since then between 570 and 480... Topped out in Oct 21 and then moved down to get a huge bounce at 326, which is a major resistance and support
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 - 2017 top and 2020 March bottom
3. At important confluence of EMAs + price + support - Yes - broken Weekly 200
3. How are the candlesticks behaving and what is the volume doing
Huge volume candle and price candle on 326 price.. signalling it might be a short term bottom atleast
4. Is there any trend continuation in play?
Looks like a bounce from a major support
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 Quarterly and Yearly... because of better sales... OPMs is a bit shaky... also PE ratio to EPS is very very attractive since 2017
2. Are institutional investors/promotors increasing their stake - Stake consistent mostly slight dip in institutional and slight increase in retail
Tranche 2 - 39 shares at 480 on 3 Nov 2021
Tranche 3 - 80 shares at 376 on 31 Mar 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 topped out on 11 Jan 2021, in range since then between 570 and 480... Topped out in Oct 21 and then moved down to get a huge bounce at 326, which is a major resistance and support
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 - 2017 top and 2020 March bottom
3. At important confluence of EMAs + price + support - Yes - broken Weekly 200
3. How are the candlesticks behaving and what is the volume doing
Huge volume candle and price candle on 326 price.. signalling it might be a short term bottom atleast
4. Is there any trend continuation in play?
Looks like a bounce from a major support
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 Quarterly and Yearly... because of better sales... OPMs is a bit shaky... also PE ratio to EPS is very very attractive since 2017
2. Are institutional investors/promotors increasing their stake - Stake consistent mostly slight dip in institutional and slight increase in retail
Comment:
Q4 2022 is exciting High revenue growth but OPMs dipped by 50%