Muthoot finance building long
Tranche 1, 44 shares @ 1366
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 21 then in range till Jan 22, when the range broke downwards and price consolidated on 2021 imp resistance 1300, currently consolidating below 200 EMA daily, 50 Weekly
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 - 2020 to 2021 range top 1300
3. At important confluence of EMAs + price + support - Yes - broken Weekly 50 and daily 200
3. How are the candlesticks behaving and what is the volume doing
Buying at 1300 levels
4. Is there any trend continuation in play?
Looks like a bounce from a major support
5. Is there any pullback or breakout in play with volume confirmation from a strong horizontal level (support or resistance)
No pullbacks or breakouts as of now
6. Fundamental factors in play
1. Revenue growth - EPS vs PE ratio - last 5 years comparison - EPS rising Quarterly and Yearly... because of better sales... OPMs consisitent and high... also PE ratio to EPS is very very attractive since 2019
2. Are institutional investors/promotors increasing their stake - Stake consistent, slight in retail taken up by FIIs
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 21 then in range till Jan 22, when the range broke downwards and price consolidated on 2021 imp resistance 1300, currently consolidating below 200 EMA daily, 50 Weekly
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 - 2020 to 2021 range top 1300
3. At important confluence of EMAs + price + support - Yes - broken Weekly 50 and daily 200
3. How are the candlesticks behaving and what is the volume doing
Buying at 1300 levels
4. Is there any trend continuation in play?
Looks like a bounce from a major support
5. Is there any pullback or breakout in play with volume confirmation from a strong horizontal level (support or resistance)
No pullbacks or breakouts as of now
6. Fundamental factors in play
1. Revenue growth - EPS vs PE ratio - last 5 years comparison - EPS rising Quarterly and Yearly... because of better sales... OPMs consisitent and high... also PE ratio to EPS is very very attractive since 2019
2. Are institutional investors/promotors increasing their stake - Stake consistent, slight in retail taken up by FIIs
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Added 27 More at 1305
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Okay Q4 Results - added 28 more at 1161 on 20 May