Andhra Paper Clear BreakoutAn undervalued company with P/E<5. Not every low P/E are good. But Andhra paper is exceptionally good in terms of fundamentals. Working capital reduced drastically. Improved profitability and operating cashflow with stellar operating profit margin. Expected Target 880.
Can be held long term as well as it's undervalued.
Disclosure: Holding before this stellar breakout
Andhrapaper
ANDHRAPAPER || 05/12/2022 || UPSIDE POTENTIAL 10% || CMP 429** I AM NOT SEBI registered advisor please consult financial advisor for your investment**
**This is only for educational purpose you can also share your thoughts in the comment section.
** TRADE REASON : TOOK SUPPORT FROM DEMAND ZONE **
**CMP:430 LOOKING UPSIDE UPTO 10% **
** In this chart, I can see good demand zone and whenever it hits the line it showing some bullish pattern candle and rises.
** The hidden Resistance Line will be first target**
** But the volume of candle looks not too good can trade with minimum quantity**
**Trade will taken only if the closing above 430 with good candle at 3:15 PM **
**Trade idea by keeping STOPLOSS at 400 and TARGET 1 as 480 which will near hidden resistance line**
**you can also MINDACORP technical analysis by clicking the below link
keep following We will grow like healthy society.**
