Laurus long at 525
تم تحديثه
1. Market is in what stage - Identified by what kind of highs and lows that are being formed + movement of price w.r.t 21, 50 and 200 EMA
Price topped out in June 2021, then distribution till mid Sept, Decline till Nov end and Accumulation from Dec. Currently price crossed over 200 EMA and pulled back till 20
2. Is there any trend reversal in play?
1. Multiple divergence confirmations on MACD , RSI and MFI? Yes
2. At important support or resistance - horizontal - Yes bounce from 464 level
3. At important confluence of EMAs + price + support - Yes - Daily 200 and Weekly 50
3. How are the candlesticks behaving and what is the volume doing
Candlesticks - HH,HL plus volume shows buying. Weekly candle also is big green
4. Is there any trend continuation in play?
Currently in accumulation.... Good candidate for up trend
5. Is there any pullback or breakout in play with volume confirmation from a strong horizontal level (support or resistance)
Yes breakout of 200 EMA at 526 and then pullback to this level.... ideally upward trend should continue
6. Fundamental factors in play
1. Revenue growth - EPS vs PE ratio - last 5 years comparison - EPS rose massively in 2020 and 2021 majorly on the back of increased revenues and improved OPMs, PE is low compared to EPS i.e. at 2017 level
2. Are institutional investors/promotors increasing their stake - Institutional and public have increased massively while domestic has reduced (possible red flag)
Price topped out in June 2021, then distribution till mid Sept, Decline till Nov end and Accumulation from Dec. Currently price crossed over 200 EMA and pulled back till 20
2. Is there any trend reversal in play?
1. Multiple divergence confirmations on MACD , RSI and MFI? Yes
2. At important support or resistance - horizontal - Yes bounce from 464 level
3. At important confluence of EMAs + price + support - Yes - Daily 200 and Weekly 50
3. How are the candlesticks behaving and what is the volume doing
Candlesticks - HH,HL plus volume shows buying. Weekly candle also is big green
4. Is there any trend continuation in play?
Currently in accumulation.... Good candidate for up trend
5. Is there any pullback or breakout in play with volume confirmation from a strong horizontal level (support or resistance)
Yes breakout of 200 EMA at 526 and then pullback to this level.... ideally upward trend should continue
6. Fundamental factors in play
1. Revenue growth - EPS vs PE ratio - last 5 years comparison - EPS rose massively in 2020 and 2021 majorly on the back of increased revenues and improved OPMs, PE is low compared to EPS i.e. at 2017 level
2. Are institutional investors/promotors increasing their stake - Institutional and public have increased massively while domestic has reduced (possible red flag)
ملاحظة
Disappointing Q3 2021 results, net profilt dropped by 44% due to lower sales.. not adding more as of nowملاحظة
Exited at 548 with 4.2% profitتم إغلاق الصفقة يدويًا
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