Firstly, let's understand why the stock has moved from Rs.5 to Rs 50 levels since February. The company has reported positive figures and reported a quarterly profit since 2013 of Rs. 5 lakhs. YoY basis, the company may also report positive numbers.
We may see a huge rally if the quarterly profit is positive and somewhere near 5 and 10 lakhs. The target will be 65. The high of 2014.
However, if the numbers are moderate despite giving profit, the stock shall correct up to Rs. 19 as marked in the chart.
Nevertheless, the charts indicate bearishness, so, we may see the range of 19 for further buying until or unless the results are big breaking positive.
Two negatives for this stock are: Low Promoter Holding and Negative Reserves.
Results are out. 21 lakhs vs 4.50 lakhs. QoQ. Huge. YoY. 26 lakhs vs 0.45 lakhs.
target of 65 non stop. I had said 5 - 10 lakhs profit. they have given 21 lakhs. 👍
lovequotes1821
⋅
@gopalpottabathni, guide on current levels, still there is no promoter buying on lower levels...can it still be bought? why are promoters not showing condifence in buying
target of 65 non stop. I had said 5 - 10 lakhs profit. they have given 21 lakhs. 👍