W pattern in AAVAS - 100% potential
AAVAS is currently trading below 200 MA despite having highest ever numbers in revenue and profit.
CMP is at a support line where a W pattern was formed Mar-Jul 2020. Similar kind of pattern is being observed now.
Current PE is 25 and median PE is 55 which indicates 100% upside potential once interest rate gets cut, which will lead to increase core business for the company.
T1 - 1800
T2 - 2038
T3 - 3000 ( Which may take 1-2 years if company continues to perform better )
CMP is at a support line where a W pattern was formed Mar-Jul 2020. Similar kind of pattern is being observed now.
Current PE is 25 and median PE is 55 which indicates 100% upside potential once interest rate gets cut, which will lead to increase core business for the company.
T1 - 1800
T2 - 2038
T3 - 3000 ( Which may take 1-2 years if company continues to perform better )
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.