Fallen from Grace...will it regain its Samman??
Sammaan Cap CMP 168.41 - Investors
Formerly I Bull Housing Finance. This stock has had a huge plunge. IT lost all its samman. Here are the reasons to buy it.
Fibs- the full retracement to 61.8% of the swing is an indication that bears are loosing their grip.
Elliott- this could be start of the 3rd wave. Could be co there can be many one and twos before the 3rd comes.
RSI- Taking support above the bull zone. Also now taking support above the falling trendline.
Volume- it is showing slow accumulation.
MA- the longer MA support is just under the current price.
Candlestick - thats a key reversal a directional buy signal.
Double Bottom - we have a directional buy signal right at the bottom.
Conclusion - I am pretty bullish on Housing finance and NBFC's in my view this is a very good buy at CMP for the reasons mentioned above. Buy and hold.
Formerly I Bull Housing Finance. This stock has had a huge plunge. IT lost all its samman. Here are the reasons to buy it.
Fibs- the full retracement to 61.8% of the swing is an indication that bears are loosing their grip.
Elliott- this could be start of the 3rd wave. Could be co there can be many one and twos before the 3rd comes.
RSI- Taking support above the bull zone. Also now taking support above the falling trendline.
Volume- it is showing slow accumulation.
MA- the longer MA support is just under the current price.
Candlestick - thats a key reversal a directional buy signal.
Double Bottom - we have a directional buy signal right at the bottom.
Conclusion - I am pretty bullish on Housing finance and NBFC's in my view this is a very good buy at CMP for the reasons mentioned above. Buy and hold.
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