FUNDAMENTALS :
1. Qtrly Sales growing as compared to Sales in corresponding Qtr in P.Y.
2. OPM at 17% V/s 11% previous year
3. Caution : Price to Book value is High as compared to its peers
Technical:
1. Price confirmed breakout and retest of Ascending Triangle on weekly chart.
2. Price Took support of trend line on weekly chart
3. 20 week SMA support at 810 and 50 Week EMA support at 782
4 . Price forming ABCD pattern on Weekly chart
5. Narrowing Bollinger bands on daily chart and price walking on upper band
6. Daily and monthly RSI above 60
Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
1. Qtrly Sales growing as compared to Sales in corresponding Qtr in P.Y.
2. OPM at 17% V/s 11% previous year
3. Caution : Price to Book value is High as compared to its peers
Technical:
1. Price confirmed breakout and retest of Ascending Triangle on weekly chart.
2. Price Took support of trend line on weekly chart
3. 20 week SMA support at 810 and 50 Week EMA support at 782
4 . Price forming ABCD pattern on Weekly chart
5. Narrowing Bollinger bands on daily chart and price walking on upper band
6. Daily and monthly RSI above 60
Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
Trade closed: target reached:
TGT 1 ACHIEVED AND STOCK MADE HIGH OF 891