CAPACITE Long Base BO [Monthly]
CAPACITE is a name I have been tracking for a couple of weeks now and its looking good on all 3 i.e. Daily, Weekly and Monthly Charts.
Wanted to show the long monthly base so zoomed out for a monthly chart here.
Unfortunately won't be able to comment about Relative Strength scores as this scrip is not part of 750 Stock universe I track on google sheets. But following points might be good to know :
All in all, it seems a setup I'll try to get in at. Will keep the comments updated as to what my thoughts are on this ahead.
Wanted to show the long monthly base so zoomed out for a monthly chart here.
Unfortunately won't be able to comment about Relative Strength scores as this scrip is not part of 750 Stock universe I track on google sheets. But following points might be good to know :
- Market Cap / Revenue is ~1.5 so it doesn't look overly valued
- YoY Sales and Earnings both have increased, although increment is less than 10%, so won't be overly joyous on that
- QoQ performance is something I really like 32% sales growth June 2024 vs Jun 2023 & 100%+ earnings growth in the same June 2024 vs June 2023 timeframe. This is generally the catalyst I feel is required
- FIIs have increased stake in this from 11.1% in March 2024 to 14.4% in June 2024. So we can attribute huge volumes and run up we have seen to FII buying.
All in all, it seems a setup I'll try to get in at. Will keep the comments updated as to what my thoughts are on this ahead.
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