Ease my trip is showing bullish momentum on the charts
my first target is 54 and then long term target of 74 levels on the daily time frame
now what are the reasons for the targets
firstly stock has given a break out from the sideways zone of consolidation last week
secondly as marked on the chart - the stock is resting the zone of demand at 46 / 44 levels on the daily time frame which i have marked on the chart
thirdly, the stock is also shown a good fundamentals improvement
where the profit after tax has improved from 253 to 474.
an aggressive profits strategy by the Management
Low Debt company
cash flow is expected to increase in the coming qtrs.
recent tie ups - done and more in the pipeline
points of concern
- 72 Cr of outstanding dues towards GO AIR - will these come back or get written off
- Promoters holding has dropped by 1.24 % from the previous holding levels
- FII & DII holdings have also dropped
- on the contrary the public holdings have gone up.
my first target is 54 and then long term target of 74 levels on the daily time frame
now what are the reasons for the targets
firstly stock has given a break out from the sideways zone of consolidation last week
secondly as marked on the chart - the stock is resting the zone of demand at 46 / 44 levels on the daily time frame which i have marked on the chart
thirdly, the stock is also shown a good fundamentals improvement
where the profit after tax has improved from 253 to 474.
an aggressive profits strategy by the Management
Low Debt company
cash flow is expected to increase in the coming qtrs.
recent tie ups - done and more in the pipeline
points of concern
- 72 Cr of outstanding dues towards GO AIR - will these come back or get written off
- Promoters holding has dropped by 1.24 % from the previous holding levels
- FII & DII holdings have also dropped
- on the contrary the public holdings have gone up.
