Building long position on HDFC

2022년 3월 26일

Tranche 1 - 24 shares @ 2155 on 9 March 2022

1. Market is in what stage - Identified by what kind of highs and lows that are being formed + movement of price w.r.t 21, 50 and 200 EMA
Price declining since top in Nov... hit 200 EMA Weekly

2. Is there any trend reversal in play?
1. Multiple divergence confirmations on MACD , RSI and MFI - No
2. At important support or resistance - horizontal - Yes - 2020
3. At important confluence of EMAs + price + support - Yes - Weekly 200

3. How are the candlesticks behaving and what is the volume doing
Lot of buying on 2020 levels

4. Is there any trend continuation in play?
Looks like a bounce from a major support

5. Is there any pullback or breakout in play with volume confirmation from a strong horizontal level (support or resistance)
No pullbacks or breakouts as of now

6. Fundamental factors in play
1. Revenue growth - EPS vs PE ratio - last 5 years comparison - EPS rising Quarterly and Yearly... because of better sales and OPMs ... also PE ratio to EPS is a very attractive since 2019
2. Are institutional investors/promotors increasing their stake - Stake consistent

2022년 4월 4일

노트

HDFC and HDFC bank are having a merger YAY !!