TVS Electron - CMP - 490.80
Flat Pattern Formation and Breakout
This stock got benefits of demonetization happened on Nov 2016 and look at his price movement after that.
Also, This stock defines the definition of the term Patience and Rewards in term of stock market.
* Patience - Longest TIME devotion with PRICE depreciation
* Rewards - Biggest PRICE Appreciation with Shortest TIME
Patience nothing but correction or sideways price action and Rewards nothing but rally or Impulse.
Strong Points -
Technically -
* Flat Pattern Breakout after support from 200MA
* Positive Divergence on RSI near support at 200MA
* Yogi's Star Setup - Price, Volume and RSI Breakout
Fundamentally -
* Y-o-Y & Q-o-Q EPS is Positive
* Almost Zero Debt Company
* Sales & Profit Growth are Positive
* Promoter Holding nearly 60%
* Excellent ROE 16.5
* PEG Ration Good 1.25
Weakness -
* We observed Price Rally period for 1 month and almost 15 days left and price appreciation already happened, Scenario of missed entry point of fantastic rally (there might be some room left for price appreciation as previous top is yet to break)
* Fundamentally, Operating Profit Margin is low 0.76
* 10 Years ROE is very LOW
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