Description
⋅ Watch for a bullish signal.
Technicals:
- Trendline breakout and retest done on 1-hr TF.
- Very likely to reach 6.5 (Near previous high).
- SL can be placed at 4.5
Fundamentals:
- Company has come up with net profit after 5 years.
- Balance sheet is improving.
- Reserves are near all time high
- Stock is trading at 0.34 times its book value (15).
Its just an analysis, not a buy recommendation. Consult your financial advisor before taking any decision