- High inflationary macro environment / fear sentiment - Earnings don't looks favorable coming quarters - Funds Accumulation - Decent earnings - Decent PE - Decent PEG - Positive P/FCF - Weak Sector / Industry - Covid lock down theme ?
Technical
- Momentum Theory Indicator - Seems like bottomed and making a reversal trend momentum - Price action formation ( falling wedge ) - Yet to break downward Trend line - Price still below 200MA - Price above POC
Entry idea
- Entry idea was based on few confluences - Rejection / retest of the trend line - Price below 200 MA
Stop loss depending on entry and risk appetite. But always set meaningful stops.
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