sankarghatak
Long

UNITEDBNK be the Next MULTIBAGGER

NSE:UNITEDBNK   UNITED BANK OF IND
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UNITEDBNK: @ 22.55.
Is to be the Next MULTIBAGGER ?
Technically:
Harmonic: Bullish GARTLEY .
WAVE: WAVE - 4 Complete
Retracement: 0.786 of WAVE - 3
Lead Indicators Like - RSI , Stoch etc. are in Oversold (better to say U-turned)
Laggared Indicator Like: MACD etc. nearer to reversing from OverSOLD.

Fundamentally:
Net profit Variation: LOSS TO PROFIT (as Per TTM & Q4 2017)
BV: 46.1 (PBV; 0.50)
PE: 14.1X (compare to industry PE: 19.65X)
OPM: 56.7
Though RONW: -5.31 (only -VE Due to Loss of Several Qtr.)

Conclusion: As WAVE - 5 in progress, Stock Hit @ 31, @ 33.5, @ 36+ in Near Term.
One Can Accumulate for Long term TGT @ 45.8, @ 60.7+
Swing levels Are plotted in Chart.

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