Future Lifestyle - Adding a pilot position @ 480
FLFL sales have been growing at 10.5 % since 2015. Earnings are growing at 71%. The stock is trading near an all-time high with a sustained price strength. I have initiated a pilot position and will be adding more depending on how the price behaves in the coming days.
The stock has been trading above 50 ema for more than 2 months. The price has shown strength and is moving up with increasing volumes. Sales are pretty robust for the past three quarters with an accelerating EPS. 2019 annual earnings report will give us a better financial standing of the company.
Future Lifestyle Fashions Limited FLFL has increasing buying interest and has gained around 5% on NSE on Thursday with Volumes more than 10 times its average trading volumes.
One can Buy FLFL AT 412 with SL 392 and Target of 445 (Expected time frame of 3 Months)
FLFL has been consolidating for some time now, squeezed in very a narrow range.
Stock has had volume surge today with high delivery percentage of 96%.
Buy as close to 315 possible. Accumulate before it starts its next rally. We might see some action in this week or in next week for sure.
Note :This is my view about this stock, please carry out your own...