Five CANSLIM Leaders to Watch Now: Firstsource Solution, Tata Elxsi, Knr Constructions, Advanced Enzyme and Mastek

Posted Date: April 07 2021

The Firstsource Solution, stock has broken out of a 10-week, 27% deep Cup With Handle Base 4-weeks ago. However, the stock is still offering investors an opportunity to get on board as the current price is only 5% away from the ideal buy price of INR 113.

The stock has been a roaring outperformer as compared to the broader market. It has a top-notch Relative Strength Rating of 92. In the last twelve months, the stock has soared over 261.3% as compared to 60.6% for the Nifty500.

The Relative Strength Line of the stock is offering a lot of encouragement to investors. It has been making good progress in the recent weeks. The overall long term trend of the line is also trending upward. If Firstsource Solution can maintain this outperformance, it could make sense as a CANSLIM trade.

The key trend lines, 10 and 40-week moving averages are at a comfortable position. The current trends of both the averages are upward and the 10-week moving average is trending above the 40-week moving average. The current price of the stock is trading around 13% away from the 10-week moving average.

Another key part of the jigsaw is institutional sponsorship. Firstsource Solution has an Accumulation/Distribution Rating of 'A'. This represents heavy institutional buying over the past 13 weeks. The number of institutional sponsors and shares held by the sponsors, both increased in the last reported quarter.

On the earnings front, Firstsource Solution has an excellent EPS Rank of 90, which indicates consistency in earnings. The earnings and sales for the stock have grown by 3% and 9%, respectively over the past three years. Its 3-years earnings stability is 7, on a 0 to 99 scale (lower the better). Over the past five years, the earnings and sales for the stock have grown by 8% and 7%, respectively. The 5-years earnings stability is 7. The return on equity for the last reported year is 12%.

The stock belongs to industry group of Comml Svcs-Outsourcing, which is exhibiting a fair amount of strength in the current market environment. The current industry group rank is 54. The current price of Firstsource Solution is -3% off from its 52-week high price and 331% above its 52-week low price.

The stock appears on our idea lists: Trend Template - 5 Months.

Tata Elxsi Ltd. Stock

Tata Elxsi Ltd. stock is worth watching as the stock is forming a 9-week, 17% deep Consolidation Base. The current price is only 6% away from its ideal buy price of INR 3050. Aggressive investors could use any tight area breakout inside the base as an opportunity to initiate a small position. A conservative approach may be to add the stock to your watchlist so that you are ready to pounce if it breaks out to the traditional entry point.

The key trend lines, 10 and 40-week moving averages are at a comfortable position. The current trends of both the averages are upward and the 10-week moving average is trending above the 40-week moving average. The current price of the stock is trading around 4.3% away from the 10-week moving average.

Tata Elxsi Ltd. has been a roaring outperformer as compared to the broader market. It has a top-notch Relative Strength Rating of 94. In the last twelve months, the stock has soared over 308.2% as compared to 60.6% for the Nifty500.

The Relative Strength Line of the stock is offering a lot of encouragement to investors. It has been making good progress in the last four weeks. The overall long term trend of the line is also trending upward. If Tata Elxsi Ltd. can maintain this outperformance, it could make sense as a CANSLIM trade.

Another key part of the jigsaw is institutional sponsorship. Tata Elxsi Ltd. has an Accumulation/Distribution Rating of 'A+'. This represents heavy institutional buying over the past 13 weeks. The number of institutional sponsors and shares held by the sponsors, both increased in the last reported quarter.

On the earnings front, Tata Elxsi Ltd. has an excellent EPS Rank of 94, which indicates consistency in earnings. The earnings and sales for the stock have grown by 8% and 8%, respectively over the past three years. Its 3-years earnings stability is 9, on a 0 to 99 scale (lower the better). Over the past five years, the earnings and sales for the stock have grown by 16% and 10%, respectively. The 5-years earnings stability is 9. The return on equity for the last reported year is 23%.

The stock belongs to the industry group of Computer Sftwr-Desktop. You would still want to see some improvement in the industry group rank for the group. The current industry group rank is 89. The current price of Tata Elxsi Ltd. is -6% off from its 52-week high price and 370% above its 52-week low price.

The stock appears on our idea lists: Trend Template - 5 MonthsLong Term Leaders.

Knr Constructions Stock

Knr Constructions stock is forming a 9-week, 20% deep Consolidation Base. The current price is only 12% away from its ideal buy price of INR 242. This is a bullish sign, but the current price of the stock is still below the 10-week moving average. A prudent approach would be to add the stock to your watchlist. This means you can be ready to pounce as the stock moves above the 10-wma line and breaks out to the ideal entry point.

On the earnings front, Knr Constructions has an excellent EPS Rank of 98, which indicates consistency in earnings. The earnings and sales for the stock have grown by 15% and 10%, respectively over the past three years. Its 3-years earnings stability is 9, on a 0 to 99 scale (lower the better). Over the past five years, the earnings and sales for the stock have grown by 57% and 17%, respectively. The 5-years earnings stability is 44. The return on equity for the last reported year is 17%.

Another key part of the jigsaw is institutional sponsorship. Knr Constructions has an Accumulation/Distribution Rating of 'A-'. This represents heavy institutional buying over the past 13 weeks. The number of institutional sponsors and shares held by the sponsors, both increased in the last reported quarter.

The key trend lines, 10 and 40-week moving averages are at a comfortable position. The current trends of both the averages are upward and the 10-week moving average is trending above the 40-week moving average. The current price of the stock is trading around -1.1% away from the 10-week moving average.

In the last twelve months, Knr Constructions has rallied nearly 125.6% as compared to 60.6% for the Nifty500. It has a Relative Strength Rating of 80. We definitely would like see improvement in the rating. At this point we are taking a step back and focusing on the RS Line.

The Relative Strength Line of the stock is offering a lot of encouragement to investors. It has been making good progress in the last three weeks. The overall long term trend of the line is also trending upward.

The stock belongs to the industry group of Bldg-Heavy Construction, which is exhibiting a fair amount of strength in the current market environment. The current industry group rank is 41. The current price of Knr Constructions is -14% off from its 52-week high price and 135% above its 52-week low price.

The stock appears on our idea lists: Growth 50Trend Template - 5 MonthsLong Term Leaders.

Advanced Enzyme Tech Stock

Advanced Enzyme Tech stock is worth watching as the stock is forming a 7-week, 20% deep Consolidation Base. The current price is only 7% away from its ideal buy price of INR 417. Aggressive investors could use any tight area breakout inside the base as an opportunity to initiate a small position. A conservative approach may be to add the stock to your watchlist so that you are ready to pounce if it breaks out to the traditional entry point.

The key trend lines, 10 and 40-week moving averages are at a comfortable position. The current trends of both the averages are upward and the 10-week moving average is trending above the 40-week moving average. The current price of the stock is trading around 7% away from the 10-week moving average.

In the last twelve months, Advanced Enzyme Tech has rallied nearly 159.8% as compared to 60.6% for the Nifty500. It has a Relative Strength Rating of 78. We definitely would like see improvement in the rating. At this point we are taking a step back and focusing on the RS Line.

The Relative Strength Line of the stock is offering a lot of encouragement to investors. It has been making good progress in the last four weeks. The overall long term trend of the line is also trending upward. If Advanced Enzyme Tech can maintain this outperformance, it could make sense as a CANSLIM trade.

Another key part of the jigsaw is institutional sponsorship. Advanced Enzyme Tech has an Accumulation/Distribution Rating of 'A'. This represents heavy institutional buying over the past 13 weeks. The number of institutional sponsors and shares held by the sponsors, both increased in the last reported quarter.

On the earnings front, Advanced Enzyme Tech has an excellent EPS Rank of 92, which indicates consistency in earnings. The earnings and sales for the stock have grown by 17% and 7%, respectively over the past three years. Its 3-years earnings stability is 3, on a 0 to 99 scale (lower the better). Over the past five years, the earnings and sales for the stock have grown by 14% and 11%, respectively. The 5-years earnings stability is 5. The return on equity for the last reported year is 15%.

The stock belongs to the industry group of Chemicals-Specialty. You would still want to see some improvement in the industry group rank for the group. The current industry group rank is 61. The current price of Advanced Enzyme Tech is -7% off from its 52-week high price and 190% above its 52-week low price.

The stock appears on our idea lists: Trend Template - 5 Months.

Mastek Stock

Mastek stock is worth watching as the stock is forming a 13-week, 27% deep Cup base. The current price is only 6% away from its ideal buy price of INR 1464. Aggressive investors could use any tight area breakout inside the base as an opportunity to initiate a small position. A conservative approach may be to add the stock to your watchlist so that you are ready to pounce if it breaks out to the traditional entry point.

On the earnings front, Mastek has an excellent EPS Rank of 99, which indicates consistency in earnings. The earnings and sales for the stock have grown by 33% and 22%, respectively over the past three years. Its 3-years earnings stability is 9, on a 0 to 99 scale (lower the better). Over the past five years, the earnings and sales for the stock have grown by 61% and 23%, respectively. The 5-years earnings stability is 22. The return on equity for the last reported year is 13%.

Mastek has been a roaring outperformer as compared to the broader market. It has a top-notch Relative Strength Rating of 96. In the last twelve months, the stock has soared over 517.8% as compared to 60.6% for the Nifty500.

The Relative Strength Line of the stock is offering a lot of encouragement to investors. It has been making good progress in the recent weeks. The overall long term trend of the line is also trending upward. If Advanced Enzyme Tech can maintain this outperformance, it could make sense as a CANSLIM trade.

Another key part of the jigsaw is institutional sponsorship. Mastek has an Accumulation/Distribution Rating of 'A'. This represents heavy institutional buying over the past 13 weeks. The number of institutional sponsors and shares held by the sponsors, both increased in the last reported quarter.

The key trend lines, 10 and 40-week moving averages are at a comfortable position. The current trends of both the averages are upward and the 10-week moving average is trending above the 40-week moving average. The current price of the stock is trading around 12.6% away from the 10-week moving average.

The stock belongs to the industry group of Computer-Tech Services. You would still want to see some improvement in the industry group rank for the group. The current industry group rank is 87. The current price of Mastek is -10% off from its 52-week high price and 627% above its 52-week low price.

The stock appears on our idea lists: Growth 50Trend Template - 5 Months.

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