#SHAILY
Fundamentals:
* ROCE - 14.1%, ROE - 13.3%. Debt to Equity - 0.36
* EPS / Revenue - has been steadily increasing
* FIIs - Improving their holding this quarter
* Retail holding levels have gone down which is good
* Promoter holding has remained steady mostly
* Domestic instituitions have mostly maintained their stake
Technicals:
* Price is forming a tight action
* Second cup bouncing off of 100 DMA
* Volumes had declined while consolidating and with up move are now showing signs of increase
* RVOL and ADR is great and spiking
* Relative strength is strong / Momentum indicates steady maintenance / ADR is 7.2% and indicating up move
* Low risk entry
* Weekly chart shows clear signs of consolidation and 10 WEMA is now trying to go up again
The stock is not that fundamentally sound compared to its peers. However, it is presently giving a very tight entry opportunity.
In this market of gloom, that is the only sector which is trying to shine.
Note - Entry / SL / Target / Position size - Please figure out on your own based on risk appetite
Disclaimer - Your money requires your due diligence! I merely analyze and bring out probabilities. All the best.
* ROCE - 14.1%, ROE - 13.3%. Debt to Equity - 0.36
* EPS / Revenue - has been steadily increasing
* FIIs - Improving their holding this quarter
* Retail holding levels have gone down which is good
* Promoter holding has remained steady mostly
* Domestic instituitions have mostly maintained their stake
Technicals:
* Price is forming a tight action
* Second cup bouncing off of 100 DMA
* Volumes had declined while consolidating and with up move are now showing signs of increase
* RVOL and ADR is great and spiking
* Relative strength is strong / Momentum indicates steady maintenance / ADR is 7.2% and indicating up move
* Low risk entry
* Weekly chart shows clear signs of consolidation and 10 WEMA is now trying to go up again
The stock is not that fundamentally sound compared to its peers. However, it is presently giving a very tight entry opportunity.
In this market of gloom, that is the only sector which is trying to shine.
Note - Entry / SL / Target / Position size - Please figure out on your own based on risk appetite
Disclaimer - Your money requires your due diligence! I merely analyze and bring out probabilities. All the best.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.