Company has got final arbitration award..should rerate now....may reach the upper end of the parallel channel by August 2023....read the BSE filing by the company...extremely undervalued due to this lingering issue, which seems to have gotten over now with the final award... as long as the price is above 185 this is a buy for me...
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First 10 Million USD paid as per new BSE filing today
@Gyanbhuriya, Brother, as per my limited understanding, the weekly support comes around 212, the first target and also the resistance level would be 279, final target of this trade idea is the 2.618 fibonacci level of 431 or the resistance band of the parallel channel, whichever comes first... a couple of things to track...(negative) promoters or insiders selling coinciding with this disclosure and disclosure to the bourses of ZESCO actually making a tranche payment (positive) thereby proving the sanctity of the consent award