Building long position in Godrej CP

Tranche 1 of 67 shares @ 753

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
Currently lower lows (market in decline stage) | for me this is a good time to start building position

2. Is there any trend reversal in play?
1. Currently no... price in decline despite having a fair Q3 result
2. At important support or resistance - horizontal - Yes brought at correction up to 200 EMA weekly
3. At important confluence of EMAs + price + support - Yes - Weekly 200 EMA

3. How are the candlesticks behaving and what is the volume doing
Candlesticks - Lower Lows

4. Is there any trend continuation in play?
Yes, the lower trend looks to continue... would add more 650 level

5. Is there any pullback or breakout in play with volume confirmation from a strong horizontal level (support or resistance)
No, breaking down

6. Fundamental factors in play
1. EPS growing quarterly and yearly due to revenue growth... PE is lowest compared to EPS growth since Dec 2020
2. Are institutional investors/promotors increasing their stake - Slight decrease in FII but lapped up by DII and some by public

註釋

Tranche 2 of 37 shares at 665

手動結束交易

Trade closed by selling 104 shares at 825 @ 14% profit

Golden_Ratio_Capital