📌 Trade Setup:
Entry: Above ₹811 (Preferably wait for a daily close above this level).
Stop Loss: ₹699 (Closing basis).
Target: ₹1,050+ (Positional).
Risk-Reward Ratio (R:R): ~2.0+ (Depending on entry confirmation).
📊 Technical Overview:
✅ The stock has been consolidating in a base and is attempting a breakout today.
✅ The candle structure looks strong and wide, indicating momentum.
✅ RSI is in a good zone, signaling strength.
✅ Trading above 200 DMA and 50 DMA, indicating bullish structure.
✅ The finance sector is showing early signs of recovery.
💡 Volume is key! While there's a slight improvement, we need stronger volume confirmation for conviction.
💡 Fundamental View: The stock is trading at a P/E of 25.3, which is reasonable for a growing financial company. ROE of 14% and ROCE of 12.2% indicate decent profitability. No dividend yield as the company is focused on growth.
⚠️ Risk Considerations:
🚨 This is a counter-trend trade! The broader market is still uncertain, so we are taking a test position, NOT an aggressive bet.
🚨 This is NOT a guaranteed move up. The trade idea is to alert about a potential mover once the dust settles.
🚨 Risk management is crucial. Do NOT go all-in, thinking the market has found a bottom. Another round of fall is still possible.
📌 Trade Plan:
Buy in small quantities above ₹811 and wait for follow-through confirmation or a potential retest.
If the breakout sustains, consider adding more positions gradually.
If the stock closes below ₹699, exit.
📌 Do your due diligence! This is an early-stage breakout attempt, and risk-reward should be managed carefully. 🚦
📢 Disclaimer:
This analysis is for educational purposes only and NOT financial advice. Stock markets are subject to risks, and past performance does not guarantee future results. Do your own research before making any investment decisions. 🚨
Entry: Above ₹811 (Preferably wait for a daily close above this level).
Stop Loss: ₹699 (Closing basis).
Target: ₹1,050+ (Positional).
Risk-Reward Ratio (R:R): ~2.0+ (Depending on entry confirmation).
📊 Technical Overview:
✅ The stock has been consolidating in a base and is attempting a breakout today.
✅ The candle structure looks strong and wide, indicating momentum.
✅ RSI is in a good zone, signaling strength.
✅ Trading above 200 DMA and 50 DMA, indicating bullish structure.
✅ The finance sector is showing early signs of recovery.
💡 Volume is key! While there's a slight improvement, we need stronger volume confirmation for conviction.
- 📈 Key Fundamentals:
- Metric Value
- Market Cap ₹8,770 Cr.
- Current Price ₹813
- Stock P/E 25.3
- Book Value ₹231
- Dividend Yield 0.00%
- ROCE (Return on Capital Employed) 12.2%
- ROE (Return on Equity) 14.0%
- Face Value ₹5.00
💡 Fundamental View: The stock is trading at a P/E of 25.3, which is reasonable for a growing financial company. ROE of 14% and ROCE of 12.2% indicate decent profitability. No dividend yield as the company is focused on growth.
⚠️ Risk Considerations:
🚨 This is a counter-trend trade! The broader market is still uncertain, so we are taking a test position, NOT an aggressive bet.
🚨 This is NOT a guaranteed move up. The trade idea is to alert about a potential mover once the dust settles.
🚨 Risk management is crucial. Do NOT go all-in, thinking the market has found a bottom. Another round of fall is still possible.
📌 Trade Plan:
Buy in small quantities above ₹811 and wait for follow-through confirmation or a potential retest.
If the breakout sustains, consider adding more positions gradually.
If the stock closes below ₹699, exit.
📌 Do your due diligence! This is an early-stage breakout attempt, and risk-reward should be managed carefully. 🚦
📢 Disclaimer:
This analysis is for educational purposes only and NOT financial advice. Stock markets are subject to risks, and past performance does not guarantee future results. Do your own research before making any investment decisions. 🚨
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