This is an analysis for the near term(1-2 Quarters) Do you think it may enter back into the trend, is there some fundamental changes to the company?
Do comment below, in my opinion it is quite possible, its a lower risk to invest as the price is quite low(using "The intelligent investor" logic), my view in the short term is mildly bearish neutral considering the...
Channel BO
and formation of LH-LL
Below 445
Take position after giving closing below 445 as big volume not present
SL above 500
Target 405-360
One may trade on Option 420PE
As the market has gained an unexpected growth in the last 6 months nearly 100%
Its as look like a bubble formation as per the Elliott wave I am expecting that we are in the last wave of the ending diagonal then we can expect a huge fall in the market
AFFLE India is a great stock to hold in the portfolio. The stock has shown interest in a lot of investors in the past. We can Expect the stock to go as low as 3300 - 3100 levels.
But a great opportunity for investors to get exposure in a monopoly business.
The stock has great fundamentals.
Above 568 or todays high
very good volumes from past few days
target 614-685
support 405-385
absorbed huge volumes on dec month
very good base
my position from 500
@Tradethetip already given idea
Analysis:
RSI levels at ATH but the stock is still well below the expected price when launched
Volume Osc indicate an institution buying continuously
The stock will be on top nifty50 list in 2 years
Investment Strategy:
Stock will be one of the highest performers in the next 2 years - buy at the small dips
Strong fundamentals means it will keep rising, sell small...
MASFIN was strong before lockdown.. if the market remains bullish for the next 2 months then the stock can give 40+ percentage from current value.
The first target should be around 1100 and second target around 1200
If the market falls then the stock can take a hit
Be careful and do not take a loss of more than 15%
An investor can take exposure of about 5-10%...
