CMSINFO - Bullish Swing Reversal with VolumesNSE: CMSINFO is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 14% to 20% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
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CMSINFO
CMS Info Systems LimitedCMSINFO:- after giving breakout Stock is consolidating keep on radar
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As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
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CMSINFO - Ichimoku Bullish Breakout Stock Name - CMS Info Systems Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 344
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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CMS Info Systems BreakoutCMS Info Systems Limited is India's largest cash management company in terms of the number of ATM points and retail pick-up points. The company is engaged in installing, maintaining, and managing assets and technology solutions on an end-to-end outsourced basis for banks, financial institutions, organized retail and e-commerce companies in India. The business operates in 3 segments:
1. cash management services,
2. managed services i.e. banking automation product sales, common control systems, and software solutions, etc., and
3. others i.e. financial cards issuance for banks and card personalization services.
The chart of CMS Info Systems has given a breakout after a solid base formation. The stop loss is marked on the chart and the levels of 306-312 should be held. A recently listed stock, coming out of a good correction should always be on an investor's radar as it has the potential to outperform the market in short term. I am expecting targets in the vicinity of 450-500 for this one in the coming weeks.
CMS Info Systems Breakout1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price)
4. Sell on RSI close below 30 (or use any other method of your liking)
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Weekly tailing tops with high volume
c. Exhaustion gaps
d. Heavy daily volume without further upside
e. Largest one day price drop
After a consolidation since January 2022, NSE:CMSINFO has given a breakout today. Buy with a stop just below ₹305. (One can use the low of the previous bar/supertrend indicator/previous support point/fixed percentage from the buy price as stop loss also)
Strengths: -
1. TTM Sales growth is at 24%, TTM Profit growth is at 40%, quarterly sales growth is at 21% and quarterly profit growth is at 69%
2. 10 year and 5 year average ROE more than 15%
3. Debt to equity at 0.00(less than 1 is good), Interest Coverage at 21.7(greater than 3 is good), Current Ratio at 1.82(greater than 1.5 is good)
4. Company has been maintaining a healthy dividend payout of 18.0%
5. The company has delivered good profit growth of 23.3% CAGR over the last 5 years
6. On September 26, 2022 credit rating agency ICRA said in its credit rating report, "CMS Info Systems Limited: Ratings reaffirmed; outlook revised to Positive. The revision in outlook on CMS Info Systems Limited’s (CMS) rating reflects ICRA’s expectation that the company is likely to register a healthy revenue growth and higher accruals generation over the near to medium term (please go through the credit rating report for a better understanding)
7. FII have been increasing their stake since December 2021
Weaknesses: -
1. The company has high debtor days of 111
Disclaimer: I am not SEBI Registered. Do trade or invest at your own risk, I am not responsible for any losses and won't claim anything from your profits either. Take financial advice from your advisors before jumping in.
CMSINFO - Bullish H&S breakout - Swing TradeThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
CMS is a good buy @ 260The company share price is very fair considering its market cap of 40,897,317,026 INR
Profit after tax was 1,510,000,000 INR which shows its potential. Well if the price dont support @ 260 , Choose a fair price.
Jus dont buy it @ a high price. Hold for atleast 1-2 months . Or long term . Will be worth it in my opinion
Educational purpose.