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
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