HCLTECH - Long - Monthly 26.2.2017
HCL TECHNOLOGIES - 26.2.2017
Trade
Entry Date:
Buy Stop order
Trade Entry:
Market: BSE
Stock: HCLTECH
Long/Short: Long
Current Price: 842.60
Entry Price:`899
Time Frame: Monthly
Type of Trade:
Long Term Trade
Reason For Trade:
Good Setup is building up
Trade is valid only if there is a MACAD crossover and RSI breaks trendline
Price is near 50 SMA
Stock is in uptrend
RSI is above 50
MACAD crossover is going on just over the zero line
MACAD histogram has moved from down towards zero line and it is at zero line. Wonderful setup
Price is below the strong support level. Price needs to break that support level to enter the trade.
Good Risk Reward ratio
EMA 10 is about to cross EMA 20 - another good sign
Stop:
839.01
Target:
1021.76
Pluses: Positive aspects of the trade.
Good Setup
Longer time frame hence the trend will be strong
Book Value: ₹ 236.87 Stock P/E: 14.73 Dividend Yield: 1.89% Face Value: ₹ 2.00 52 Week High/Low: ₹ 869.75 / ₹ 706.40 QoQ Profits: 2.30% Quick ratio: 1.81 EVEBITDA: 10.85
- Company is virtually debt free.
- Promoter's stake has increased
- Company has a good return on equity (ROE) track record: 3 Years ROE 30.21%
- Company has been maintaining a healthy dividend payout of 27.41%
CMP / BV :3.56
Net Profit of last quarter Dec 2016 is better than previous quarter and much better than Dec 2015
NEt Proft TTM is looking good at 8072.73 much higher previous year
Compounded Sales Growth:
10 Years: 19.77% 5 Years:14.37% 3 Years:6.36% TTM:15.97%
Compounded Profit Growth:
10 Years:17.96% 5 Years:27.41% 3 Years:11.07% TTM:12.22%
Return on Equity:
10 Years:28.98% 5 Years:30.61% 3 Years:30.21% TTM:21.4%
Minuses: Potential problems with the trade
Fundamentals:
Net Cash Flow for March 2016 was -614.83
Price can range for while
Negative financial results can impact the trade
Brief Summary of emotions:
Confident, Other set parameters needs to be in place as per the trade plan
Stock added or sold during the current trade:
Stock needs to be added if the price moves in the expected direction
Trade
Entry Date:
Buy Stop order
Trade Entry:
Market: BSE
Stock: HCLTECH
Long/Short: Long
Current Price: 842.60
Entry Price:`899
Time Frame: Monthly
Type of Trade:
Long Term Trade
Reason For Trade:
Good Setup is building up
Trade is valid only if there is a MACAD crossover and RSI breaks trendline
Price is near 50 SMA
Stock is in uptrend
RSI is above 50
MACAD crossover is going on just over the zero line
MACAD histogram has moved from down towards zero line and it is at zero line. Wonderful setup
Price is below the strong support level. Price needs to break that support level to enter the trade.
Good Risk Reward ratio
EMA 10 is about to cross EMA 20 - another good sign
Stop:
839.01
Target:
1021.76
Pluses: Positive aspects of the trade.
Good Setup
Longer time frame hence the trend will be strong
Book Value: ₹ 236.87 Stock P/E: 14.73 Dividend Yield: 1.89% Face Value: ₹ 2.00 52 Week High/Low: ₹ 869.75 / ₹ 706.40 QoQ Profits: 2.30% Quick ratio: 1.81 EVEBITDA: 10.85
- Company is virtually debt free.
- Promoter's stake has increased
- Company has a good return on equity (ROE) track record: 3 Years ROE 30.21%
- Company has been maintaining a healthy dividend payout of 27.41%
CMP / BV :3.56
Net Profit of last quarter Dec 2016 is better than previous quarter and much better than Dec 2015
NEt Proft TTM is looking good at 8072.73 much higher previous year
Compounded Sales Growth:
10 Years: 19.77% 5 Years:14.37% 3 Years:6.36% TTM:15.97%
Compounded Profit Growth:
10 Years:17.96% 5 Years:27.41% 3 Years:11.07% TTM:12.22%
Return on Equity:
10 Years:28.98% 5 Years:30.61% 3 Years:30.21% TTM:21.4%
Minuses: Potential problems with the trade
Fundamentals:
Net Cash Flow for March 2016 was -614.83
Price can range for while
Negative financial results can impact the trade
Brief Summary of emotions:
Confident, Other set parameters needs to be in place as per the trade plan
Stock added or sold during the current trade:
Stock needs to be added if the price moves in the expected direction
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