REPL: TRAP!

Atualizado
I'll admit, I love almost everything about this price action. Everything speaks of strength.
At first glance, It looks like a beautiful setup, Doesn't it?

Now this is why you don't 'INVEST' in a company before looking into its financials.

- Comparing FY 2020 to FY 2023,
a. The sales grew by a total of 10 Cr.
b. Trade payables piled up from 3.5 Cr. to 33 Cr.
c. Fixed Assets reduced from 11 Cr. to 9 Cr.
d. Trade receivables 27 Cr. to a whopping 125 Cr.
e. Investments and C&CE are down

There was no need for me to do any further drill down.

- The technical chart has a beautiful setup, But the fundamentals may be on a different storyline.

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⚠️Disclaimer:
We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
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Short term = Momentum & Emotions
Long term = Fundamentals and Business growth
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The buyers are giving a good fight. But in the long run....
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Was it a Trap??
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