Heavily beat down stock because of the pademic. But, it has been slowly picking up the business. Fundamentally good stock with good support from international subsidiaries. Go Long for Short term and Long Term. Short term target of 450. (Upside of 25% expected)
This is just my personal opinion. I'm not a financial advisor. This for educational purpose only....
In 15 mins stock is nearby its lower trendline, Currently undervalued as shown by the valuation band in 1st chart. Also standing on Demand zone.
In 2Hrs timeframe it has completed 61.80% retracement and also nearby 100 ema.
The Indicator Used:
1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) On Lower Time Frame Charts.
DBL is making similar pattern like Axis bank-
EMA 20 Daily+weekly support
Daily demand zone
Trend line support
Higher highs formation
Immediate target should be 320, if sustains and break the trend line on the upper side we can see 360 levels.
Company is one of the big player in road construction.
PE is 9.25
currently undervalued stock.
I wish I had found this company sooner!
But as they say, hindsight is always 20/20.
All of the fundamentals point in the right direction:
-I like the fact ~33% of stocks are internal ownership. Often times, as another contributor mentioned, executive management take higher pay cuts and have less stake (shares) in the company without the shareholders best...
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As per my analysis, RECLTD is undervalued at current levels. It is providing good investment...
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