Fundamentals
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Growth in EPS
P/E 18.38 vs Sector P/E 45.5
Low DEBT D/E 0.05
ROCE 26.6%
ROE 21.6%
Sales growth (3Yr) 12.1%
Profit growth (3Yr) 31.13%
ZERO promoter pledge
Technical
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-> 9 Aug'23 ~ 24 Aug'23 - "Distribution" then, a BO candle formed and 5% correction took place.
-> After that till 30th Oct'2023 stock forms Lower High & Lower Lows (Down-Trend).
-> On 30 Oct'23 a Hammer is formed in down-trend which is the first sign on TREND REVERSAL.
-> Then, On 3 Nov'23 "Higher Low" is formed that confrims the "TREND REVERSAL".
-> On 10 Nov'23 again a Higher low formedand & it contines till last trading session i.e. 17th Nov.
RSI > 60 (D)
ST Moving Averages Cross-Over
Close above MT MA
Trend : Bullish
Pattern : Higher High / Higher Low
Volume : More volume is required to shoot the price up.
Mine Stop-Loss 5394 (DCB)
Mine TGT 5703 (1-2 days)
Short-Term TGT 5990 (by 1st week of Jan'2024)
------------
Growth in EPS
P/E 18.38 vs Sector P/E 45.5
Low DEBT D/E 0.05
ROCE 26.6%
ROE 21.6%
Sales growth (3Yr) 12.1%
Profit growth (3Yr) 31.13%
ZERO promoter pledge
Technical
---------
-> 9 Aug'23 ~ 24 Aug'23 - "Distribution" then, a BO candle formed and 5% correction took place.
-> After that till 30th Oct'2023 stock forms Lower High & Lower Lows (Down-Trend).
-> On 30 Oct'23 a Hammer is formed in down-trend which is the first sign on TREND REVERSAL.
-> Then, On 3 Nov'23 "Higher Low" is formed that confrims the "TREND REVERSAL".
-> On 10 Nov'23 again a Higher low formedand & it contines till last trading session i.e. 17th Nov.
RSI > 60 (D)
ST Moving Averages Cross-Over
Close above MT MA
Trend : Bullish
Pattern : Higher High / Higher Low
Volume : More volume is required to shoot the price up.
Mine Stop-Loss 5394 (DCB)
Mine TGT 5703 (1-2 days)
Short-Term TGT 5990 (by 1st week of Jan'2024)