UPL LTDPembelian
UPL Long at 770
Diupdate
Tranche 1 of 40 shares @ 770
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 bottomed out in Nov 2021 end, then started to move up. Price crossed over 50 DMA and 21 DMA and went to the top of the range till 836 and then corrected back to 50 DMA
Tranche 1 brought at 50 DMA + fantastic Q3 2021 results
2. Is there any trend reversal in play?
1. This is a possible trend continuation in play though will add more if it moves to 200 DMA (also a Q3 2021 results)
2. At important support or resistance - horizontal - Yes brought at correction up to 50 DMA
3. At important confluence of EMAs + price + support - Yes - Daily 50 DMA
3. How are the candlesticks behaving and what is the volume doing
Candlesticks - No clear play as of now
4. Is there any trend continuation in play?
Trend continuation might be in play because of the amazing 2021 Q3 results
5. Is there any pullback or breakout in play with volume confirmation from a strong horizontal level (support or resistance)
Pullback to 50 EMA (Daily)
6. Fundamental factors in play
1. EPS growing quarterly and yearly due to revenue growth... PE is lowest compared to EPS growth since Dec 2020
2. Are institutional investors/promotors increasing their stake - Slight decrease in FII but lapped up owners and DII
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 bottomed out in Nov 2021 end, then started to move up. Price crossed over 50 DMA and 21 DMA and went to the top of the range till 836 and then corrected back to 50 DMA
Tranche 1 brought at 50 DMA + fantastic Q3 2021 results
2. Is there any trend reversal in play?
1. This is a possible trend continuation in play though will add more if it moves to 200 DMA (also a Q3 2021 results)
2. At important support or resistance - horizontal - Yes brought at correction up to 50 DMA
3. At important confluence of EMAs + price + support - Yes - Daily 50 DMA
3. How are the candlesticks behaving and what is the volume doing
Candlesticks - No clear play as of now
4. Is there any trend continuation in play?
Trend continuation might be in play because of the amazing 2021 Q3 results
5. Is there any pullback or breakout in play with volume confirmation from a strong horizontal level (support or resistance)
Pullback to 50 EMA (Daily)
6. Fundamental factors in play
1. EPS growing quarterly and yearly due to revenue growth... PE is lowest compared to EPS growth since Dec 2020
2. Are institutional investors/promotors increasing their stake - Slight decrease in FII but lapped up owners and DII
Catatan
Added 34 more at 760Catatan
Exited entire position at 830 with a 7.9% profitTrading ditutup secara manual
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