Techno - Funda Pick: GLS
- Above all key Moving Averages
- Strong fundamentals with amazing ROE and ROCE
- Relatively cheap valuation which makes it very attractive at these levels
- Has broken out of multiple big bases with no big selling seen during accumulation phase
- Multiple shakeouts visible on chart to remove the weak hands
Medium term buy call on GLS -
Rationale:
Above all key Moving Averages
Small Caps have started buying in Jan'24
Multiple shakeouts visible on chart to remove the weak hands
Has broken out of multiple big bases
Strong fundamentals with amazing ROE and ROCE
Relatively cheap valuation which make it very attractive at these levels
Smc Global securities looking good for 6-12 months view.
Well diversified business. Valuation is affordable.
Highest ever weekly volume. Expecting strong range expansion.
Above all key MA.