CARE RATINGS LTDLong
Care Rating - Fundamentally undervalued and technically good now
Updated
Chart is pretty self explanatory. Fundamentally pretty undervalued compared to peers, but legacy issues during IL&FS and NBFC crisis still an overhang on the stock. But the new management is pretty good.
Disc - Not a sebi registered analyst. Just sharing my views. Already took a position at 450, as i saw the reversal and entered the trade.
Disc - Not a sebi registered analyst. Just sharing my views. Already took a position at 450, as i saw the reversal and entered the trade.
Trade closed: target reached
Reached First target today at 495. Closing the trade and moving to another trade. 10% in 12 days is good enough for me.
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