Turning Bullish: SBFC

SBFC: Incorporated in 2008, SBFC Finance Limited is a NBFC offering Secured MSME Loans and Loans against Gold.
SBFC has been trading in a tight range between 81 to 87 levels for the past 4 months.
Recently, it gave a strong breakout with good volume.
20 EMA has also crossed 50 EMA confirming the bullish trend.
Resistance levels: 90, 94, 98,
Support levels: 85, 83

Pros:
Company has delivered good profit growth of 57.5% CAGR over last 5 years.
Growth in Net Profit with increasing Profit Margin (QoQ)
Increasing Revenue every Quarter for the past 4 Quarters
Growth in Quarterly Net Profit with increasing Profit Margin (YoY)
FII / FPI or Institutions increasing their shareholding.
Cons:
Promoter holding has decreased over last quarter: -5.47%
Company has a low return on equity of 9.03% over last 3 years.