Analysis of Share India in Multiple Time Frame !!
The company is fundamentally sound in growth and return prospective (previous quarter was exception). In June’21 analysis posted on same stock and given a phenomenal return during the year, the stock is still available a reasonable valuation and will be a good buy for long term investment.
Fundamental:
a) Business: It offers financial products & personalized services, including equity broking, currency & commodity derivative, depository participant services, mutual fund advisory and distributorship, to retail and corporate clients.
b) Ratio: CAGR Sales 3 years 49%; CAGR Profit 3 years 78%; ROCE 35.8%; ROE 34.1%; PEG 0.32
c) Growth & Profit: Refer pivot data in chart
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Technical Parameter:
d) 15 min time frame: In chart, wedge breakout is visible.
e) Daily time frame: From ATH, price retrenched to 38.2% fib level and taken a key support. It has been observed in past, the price takes a crucial support at EMA and reversed from lower level.
f) Weekly time frame: The price travelling upward in parallel channel and given a multiple breakout after good consolidation. The current chart is positive and similar, volume surge will confirm the breakout and will be good buy opportunity.
g) RSI and Moving Average Crossover
h) Idea: Long Term View | Entry above Rs 1150 | Stop Loss below Rs 1000 | Expected Return: 50% |
Disclaimer: The analysis presented for only educational purpose, it is not any recommended, consult your financial advisor for buy/sell advise.
Thanks –AJ
Fundamental:
a) Business: It offers financial products & personalized services, including equity broking, currency & commodity derivative, depository participant services, mutual fund advisory and distributorship, to retail and corporate clients.
b) Ratio: CAGR Sales 3 years 49%; CAGR Profit 3 years 78%; ROCE 35.8%; ROE 34.1%; PEG 0.32
c) Growth & Profit: Refer pivot data in chart
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Technical Parameter:
d) 15 min time frame: In chart, wedge breakout is visible.
e) Daily time frame: From ATH, price retrenched to 38.2% fib level and taken a key support. It has been observed in past, the price takes a crucial support at EMA and reversed from lower level.
f) Weekly time frame: The price travelling upward in parallel channel and given a multiple breakout after good consolidation. The current chart is positive and similar, volume surge will confirm the breakout and will be good buy opportunity.
g) RSI and Moving Average Crossover
h) Idea: Long Term View | Entry above Rs 1150 | Stop Loss below Rs 1000 | Expected Return: 50% |
Disclaimer: The analysis presented for only educational purpose, it is not any recommended, consult your financial advisor for buy/sell advise.
Thanks –AJ
The stock is fundamentally strong with robust business margin and sequence growth.
Thanks