CDSL
Trade idea - Swing trade/short term momentum capturing
- Entry - Immediately after market open
- Stoploss - 1860 (3-4%)
- Position sizing - 20% of the capital
- Target - 2270 (20% of the breakout)
Catalyst behind
- Finance sector as a whole have come out with great results.
- Reserve bank of India with their new policy for banks have created a major impact on finance
sector also.
- Quarterly diluted EPS - 35% up from previous years same quarter (we usually take diluted eps
for concentrated analysis and the reason we compare from previous years quarter - because
to hinder one time extraordinary earnings on sale of real estate or machinery)
- Annual diluted EPS - 150% up from past 3 years (2020 2021 2022)
- Return on equity - 27% (considered great as its above average of 17%)
- Total revenue - 35% up from previous years same quarter (record high earnings)
Technical analysis
- RSI weekly - above 60
- Price is above all trend moving averages - 20dma and 50dma
- Bollinger band - Squeeze open (volatility contraction)
Happy trading
Trade idea - Swing trade/short term momentum capturing
- Entry - Immediately after market open
- Stoploss - 1860 (3-4%)
- Position sizing - 20% of the capital
- Target - 2270 (20% of the breakout)
Catalyst behind
- Finance sector as a whole have come out with great results.
- Reserve bank of India with their new policy for banks have created a major impact on finance
sector also.
- Quarterly diluted EPS - 35% up from previous years same quarter (we usually take diluted eps
for concentrated analysis and the reason we compare from previous years quarter - because
to hinder one time extraordinary earnings on sale of real estate or machinery)
- Annual diluted EPS - 150% up from past 3 years (2020 2021 2022)
- Return on equity - 27% (considered great as its above average of 17%)
- Total revenue - 35% up from previous years same quarter (record high earnings)
Technical analysis
- RSI weekly - above 60
- Price is above all trend moving averages - 20dma and 50dma
- Bollinger band - Squeeze open (volatility contraction)
Happy trading
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.