imdbeststocktrader
Long

TECHM Long - Monthly - 26th Feb 2017

BSE:TECHM   TECH MAHINDRA LTD
44 0 2
TECHM             26th Feb 2017

Trade

Date of Trade (Time if applicable): 26 Feb 2017 Sunday Evening 07:50 pm

Entry Date: Buy Stop order is placed.

Trade Entry:
Market:BSE
Stock: TECHM             - Tech Mahindra
Long/Short: Long
Current Price: 505.80
Entry Price: 523.52
Time Frame: Monthly

Type of Trade:
Long Term Trade

Reason For Trade:
IT sector is a strong sector and India has dominance and manpower for IT industry
Price has bounced from a strong support level .
RSI is showing positive divergence and making upper highs
RSI is above 50
RSI has broken a strong trendline
RSI is about to cross 20 SMA and is above 50 level
MACAD is crossing over at zero line which is a good indication
Good Risk Reward ratio

Market Cap.: ₹ 49,027.20 Cr. Current Price: ₹ 503.65 Book Value: ₹ 171.05 Stock P/E: 15.49 Dividend Yield: 2.37% Face Value: ₹ 5.00 52 Week High/Low: ₹ 564.00 / ₹ 405.50

QoQ Profits: 31.31% Quick ratio: 2.03 EVEBITDA: 9.29

Stop:
455.11

Target:
663.24

Pluses:
- Company is virtually debt free.
- Company has good consistent profit growth of 26.18% over 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 28.07%
- Company has been maintaining a healthy dividend payout of 25.13%
Net profit of Dec 2016 quarter is higher than previous quarter
Annual TTM             results are near previous year

Compounded Sales Growth:
10 Years:27.72% 5 Years:38.81% 3 Years: 56.79% TTM:10.89%

Compounded Profit Growth:
10 Years:21.39% 5 Years:26.18% 3 Years:31.89% TTM:20.16%

Return on Equity:
10 Years:30.64% 5 Years:28.39% 3 Years:28.07% TTM:23.36%

Net cash Flow of March 2016 is higher considerably higher than previous years.

Minuses: Potential problems with the trade
The price may range for a while
Q3 results can decide the movement of the stock in South direction

Brief Summary of emotions:
Confident

Stock added or sold during the current trade:
Some stocks can be sold at around 584
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out