After today's massive bloodbath, we've got HINDCOPPER on our radar for next 2-3 weeks.
So the view after the bloodbath today, i.e. on 13th March 2024, the view is clear that we're looking for fundamentally strong companies that are available at cheaper valuations.
We need to buy companies that are trading at a PE that is lower than the industry PE, that are running close to their Book Value, are not overvalued, both fundamentally and technically, and ofcourse we need to stay cautious in Small-Mid Cap segment.
So here, we have HINDCOPPER.
CMP- 234.90
Target- 275. (Ideally a zone, between 270-280)
Stoploss- A little below our buy zone, at 225.
Duration- 2-3 Weeks.
Risk-Reward is a massive 1:4!
It's really difficult to get such good trades in a crashing market like this.
Let's pray for this to work
Let me know what you think.
So the view after the bloodbath today, i.e. on 13th March 2024, the view is clear that we're looking for fundamentally strong companies that are available at cheaper valuations.
We need to buy companies that are trading at a PE that is lower than the industry PE, that are running close to their Book Value, are not overvalued, both fundamentally and technically, and ofcourse we need to stay cautious in Small-Mid Cap segment.
So here, we have HINDCOPPER.
CMP- 234.90
Target- 275. (Ideally a zone, between 270-280)
Stoploss- A little below our buy zone, at 225.
Duration- 2-3 Weeks.
Risk-Reward is a massive 1:4!
It's really difficult to get such good trades in a crashing market like this.
Let's pray for this to work
Let me know what you think.