Shareindia position increased

2023年8月22日

ShareIndia looking to breakout the Flag. Daily chart volumes building. Target should be flag pole. Good risk to reward ratio for long term. ShareIndia has excellent fundamentals. Great ROE, OPM, Profit and Earnings growth

Disclaimer: No recommendation.

2023年11月13日

註釋

1.5Y or longer consolidation, Excellent quarterly results, Good breakout with volume gives good target

2023年11月15日

註釋

Valuations PE 14.64 & PB 7.21 ratio less than Mar '22 ATH 19.68 & 8.94 respectively. Earnings doubled to 120.69 TTM from 61.90 Mar '22

2023年12月30日

註釋

Almost nearing to the target. VCP Volume Contraction pattern can be seen in Daily chart. Can expect another breakout next week.

2024年1月6日

註釋

Acuite Ratings & Research Limited has upgraded short & long term rating to A1+ & A+ respectively on Jan 4, 2023 15:54. Rating outlook is stable. This is good news.

2024年1月24日

註釋

Promoter reduced pledge by -1.81% in last quarter and promoter stake increased by 1%. Promoter has also got his warrants converted to shares on Jan 17th '24 and reported to exchange on Jan 19th '24. Jan 24th today Q3 result. Making higher highs in weekly chart.

2024年3月1日

註釋

Daily chart making Head & Shoulder pattern. Target was 2045 but price took reversal at 2026 (head formation). If neckline gets broken, will book profits. If strong reversal occurs negating H&S formation, will consider increasing position.

Generally H&S is bearish. Inverted H&S is bullish pattern. Exceptions are there w.r.to stocks.