Arvind SmartSpaces Ltd. Bullish Momentum

26 Jun 2024

Seems a good bet for momentum trading
Broke previous resistance, Volume started building
RSI below at 67%
This counter could reach 748, 756 , 761 . Can deploy 10% capital at current price and a dip towards 730 can buy more.
Maintain stop loss of 718 on daily closing basis.


Strength
• Strong Momentum: Price above short, medium and long term moving averages
• Rising Net Cash Flow and Cash from Operating activity
• Company with high TTM EPS Growth
• Strong Annual EPS Growth
• Good quarterly growth in the recent results
• Growth in Net Profit with increasing Profit Margin (QoQ)
• Growth in Quarterly Net Profit with increasing Profit Margin (YoY)
• Company with Low Debt
• Increasing Revenue every quarter for the past 3 quarters
• Increasing profits every quarter for the past 3 quarters
• Annual Net Profits improving for last 2 years
• Book Value per share Improving for last 2 years
• Company with Zero Promoter Pledge
• FII / FPI or Institutions increasing their shareholding
• Near 52 Week High

Weakness
• MFs decreased their shareholding last quarter.
Opportunities
• Positive Breakout Third Resistance ( LTP > R3)
• Highest Recovery from 52 Week Low
• High Volume, High Gain
Threats
• Promoter decreasing their shareholding
• High PE (PE > 40)

https://www.tradingview.com/chart/q6u02xev/?symbol=NSE%3AARVSMART

View is for Study purpose not from sebi registered research analyst.

28 Jun 2024

Trading ditutup: stop tercapai

29 Jun 2024

Trading ditutup: target tercapai

after hitting target hit sl