Hi, Today bought RECLTD: Rural Electrification Corporation Ltd., 17 shares @ 188.65, for Investment purpose, So total value approx 3000 rupees or 3K
Will add more next month or as per chart.
This I bought on Fundamental basis and entry made on technical basis.
That's Y i am posting this on "Fundamentals" section
So what exact fundamentals I seen? Here given below ...!
Positive:
ROE : 28.11
P/E : 6
P/B : 1.28
PEG: 0.47
Pledged Shares: 0
Div. Yeild: 9.13 %
Negative:
Debt/Equity : 6+ (But this sector usually high, as they borrow money for lending to others)
Promoters Holding: Decreased
Last Quarter: Under Performed
So on seeing ROE and Financial Performance YoY, I think this stock can give good returns.
more about RECL you can get from below link.
RECL Official Site
So what exactly made my entry Point? To understand this lets C below chart.
As per the Day weekly charts, its consolidating near Fibonacci levels and Took Support of previous high of March 2015.
Lets look day chart a little closer.
Here RECL is getting consolidated near fabinocci line from few sessions and tootk support@ bullish bar and last three days showing Bullish reversal and latest close above fabinocci level, which ia s perfect time to grab a stock
Conclusion: Point to remember
1. The selection is on fundamnetal basis not on technical basis
2. Only technical used to time the entry
3. Bought 30% qty only, will be added more on future scenarios
4. No SL as this is fundamental call and will be added more on dips
5. Positions will be closed only when there is change in company policy or fundamentals
Will add more next month or as per chart.
This I bought on Fundamental basis and entry made on technical basis.
That's Y i am posting this on "Fundamentals" section
So what exact fundamentals I seen? Here given below ...!
Positive:
ROE : 28.11
P/E : 6
P/B : 1.28
PEG: 0.47
Pledged Shares: 0
Div. Yeild: 9.13 %
Negative:
Debt/Equity : 6+ (But this sector usually high, as they borrow money for lending to others)
Promoters Holding: Decreased
Last Quarter: Under Performed
So on seeing ROE and Financial Performance YoY, I think this stock can give good returns.
more about RECL you can get from below link.
RECL Official Site
So what exactly made my entry Point? To understand this lets C below chart.
As per the Day weekly charts, its consolidating near Fibonacci levels and Took Support of previous high of March 2015.
Lets look day chart a little closer.
Here RECL is getting consolidated near fabinocci line from few sessions and tootk support@ bullish bar and last three days showing Bullish reversal and latest close above fabinocci level, which ia s perfect time to grab a stock
Conclusion: Point to remember
1. The selection is on fundamnetal basis not on technical basis
2. Only technical used to time the entry
3. Bought 30% qty only, will be added more on future scenarios
4. No SL as this is fundamental call and will be added more on dips
5. Positions will be closed only when there is change in company policy or fundamentals
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