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
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.