Yesterday, tried to breakout but seems to have failed as there is a wick and closing was near day's low. It might continue to consolidate within the area highlighted in the chart attached.
For positional longs, stops to be kept below 900-910. Technically, it looks good for accumulation.
Key points to be observed for this company :
1. Sales growth has not been exceptional over the past decade. Growth of 5.5% incremental.
2. Operating margins are decent of 10 - 12%
3. Other incomes make a good part of operating profit, although has decreased from last 2 years.
4. Debt to equity is close to 1.
Overall, the numbers to seem to improve in last 2 FYs. Decent company as far as the numbers are concerned.
Feel free to discuss the fundamental points in the comments.
In summary, good for trade but needs more evaluation if needs to be kept in portfolio.
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