CUPID ON CONSISTENT GROWTH_SIGNALS BUYINGBuy above 240 for medium term target of 280, once call active will post stop point.
CUPID trade ideas
around the support. so entered today!not looking bad for 275+! keep on radar!
Disclaimer:I am NOT SEBI registered. THE OPINION GIVEN OR THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
Cupid - Daily - Trendline - Support - ResistanceCupid - Weekly - Trendline - Support - Resistance
1. RSI Bullish Divergence - Observed in Hourly.
2. Recovering from the lows of double bottom.
3. Resistance around ~150.
CUPID - INDICATIONS OF UPMOVE
Technical details:
1) Stock has last week broken out of an one and half year downward channel with huge volumes and reached a high of around Rs 420.
2) In that process stock's 30 day ema has crossed 200 day ema.
3) CMP is around 345 meaning STOCK HAS CORRECTED FROM A HIGH OF 420 TO 345.
4) 4 HOUR CHART REVEALS HIDDEN BULLISH DIVERGENCE VIS-A-VIS STOCH 14,3,3 / RSI14 / MACD 12,26,9.
5) STOCH 14,3,3 BULLISH CROSSOVER OBSERVED AT OVERSOLD ZONE.
6) 4 AND 5 SIGNALS A POSSIBLE INDICATION OF COMPLETION OF RETRACEMENT.
7) POTENTIAL UPMOVE AHEAD.
Fundamental details:
Profitability:
1) Current RoE at 47%; Average 3 year RoE at 46.5%; Average 5 year RoE at 35%.
2) QoQ proit growth as on Sep 2017 at 37%.
3) Current quarter vs prev years same quarter profit growth as on sep 2017 at 11%.
4) Positive CFO and CFO annual growth as on Mar 2017 at 19%. CFO steadily growing (except Mar 2014) since 2009.
Leverage:
D/E at 0
Valuation:
1) P/E at 20
2) P/BV at 7
(An academic explanation to derive RoE from the above 2 metrics : E/P = 1/20; P/BV = 7; Hence E/P X P/BV = 1/20 X 7 = 7/20 = 35% )
Promoters:
1) Promoter holding 45%
2) No pledged shares.
Fundamental prospects :
1) Company's management has given a very promising outlook on the business conditions going forward.
2) Company has got an order worth Rs 25 crores from Govt of India, Department of health and the benefits expected to flow in the coming quarters.
3) Expansion of facilities by 20% planned which would bring additional revenues from Q1, 2019.
4) Company looking to participate in tenders for setting up a manufacturing unit in South Africa and also for exporting its products to South Africa.
5) Company plans to achieve 10 crores of sales (volume) in the next 3 years for which Company has started its brand promotion activity digitally.
6) Company has developed three new products as a result of its R&D and started its commercialisation from Dec 2017.
Sector:
Consumer Durables.
My View on the Company:
Technical View : Long bias; Conservative target of 500 plus with a stop of 300.
Cupid - A long way to goTechnical details:
1) Stock has last week broken out of an one and half year downward channel with huge volumes and reached a high of around Rs 420.
2) In that process stock's 30 day ema has crossed 200 day ema.
3) CMP is around 385.
Fundamental details:
Profitability:
1) Current RoE at 47%; Average 3 year RoE at 46.5%; Average 5 year RoE at 35%.
2) QoQ proit growth as on Sep 2017 at 37%.
3) Current quarter vs prev years same quarter profit growth as on sep 2017 at 11%.
4) Positive CFO and CFO annual growth as on Mar 2017 at 19%. CFO steadily growing (except Mar 2014) since 2009.
Leverage:
D/E at 0
Valuation:
1) P/E at 20
2) P/BV at 7
(An academic explanation to derive RoE from the above 2 metrics : E/P = 1/20; P/BV = 7; Hence E/P X P/BV = 1/20 X 7 = 7/20 = 35% )
Promoters:
1) Promoter holding 45%
2) No pledged shares.
Fundamental prospects :
1) Company's management has given a very promising outlook on the business conditions going forward.
2) Company has got an order worth Rs 25 crores from Govt of India, Department of health and the benefits expected to flow in the coming quarters.
3) Expansion of facilities by 20% planned which would bring additional revenues from Q1, 2019.
4) Company looking to participate in tenders for setting up a manufacturing unit in South Africa and also for exporting its products to South Africa.
5) Company plans to achieve 10 crores of sales (volume) in the next 3 years for which Company has started its brand promotion activity digitally.
6) Company has developed three new products as a result of its R&D and started its commercialisation from Dec 2017.
Sector:
Consumer Durables.
My View on the Company:
Technical View : Long bias; Conservative target of 500 plus with a stop of 300.
Cupid Ltd! Double Bottom Reversal (Weekly Chart) Technical : Double Bottom Reversal Chart Pattern (Weekly Chart)
Trend reversal line And Double Top Breakout @ 340
Technical Target : 431
Fundamentals :
(Fundamental Medium Term Target 500)
(Fundamental Long Term Target 600)
1.Total (Mkt. Cap) : 418cr
2.Zero Debt : 0.00cr
3.Stock PE : 18.40
CUPIDFriday's Price action is suggesting its gearing up for a breakout.
Keep an eye on this.
Athough this has not broken out of wedge yet, but if riskers want they can buy this with SL of close below 255
Target 300 and then more.
