With the earnings flattening out , EPS seems to have bottomed out and recent CEO statements clearly indicate strong order book and positive cash flow in Q3 leading upto Q4.
Along with these fundamental view , it formed a base between 878 - 924 range. Entererd the trade on breakout and pull back in to base.
Entry : Entry 912
SL : 875 ( I usually dont keep a hard SL, I exit if the price sustains under 875 for 2 successive trading sessions - thats how I've found success )
Target : 1035
Current entry does look for slightly longer term hold in which case I would add more qty if the price drops under 870 ( hold for 6-12 months ) . The hold would make sense if the company delivers on the time while sustaining a strong order book and cash flow as predicted which would eventually elevate the EPS and price should go up n beyond the previous ATH.
Note: Personally , I have a long term position which I opened at 411 so currently this is just a swing but yes a substantial drop under 870 and I'll add to my long term position.
Along with these fundamental view , it formed a base between 878 - 924 range. Entererd the trade on breakout and pull back in to base.
Entry : Entry 912
SL : 875 ( I usually dont keep a hard SL, I exit if the price sustains under 875 for 2 successive trading sessions - thats how I've found success )
Target : 1035
Current entry does look for slightly longer term hold in which case I would add more qty if the price drops under 870 ( hold for 6-12 months ) . The hold would make sense if the company delivers on the time while sustaining a strong order book and cash flow as predicted which would eventually elevate the EPS and price should go up n beyond the previous ATH.
Note: Personally , I have a long term position which I opened at 411 so currently this is just a swing but yes a substantial drop under 870 and I'll add to my long term position.
Trade active
Added couple of positions when it pulled back into 850-860 range , trade idea still holds good given the modest earnings statement. Hoping the company delivers better results in the upcoming quarters. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.