The stock has an undervalued PE compared to the Industry average. It has formed a Cup and Handle pattern right after a bull trend. If the price breaks out after 48, then it has a potential to reach 62 (1st profit target).
Watch out for a price break out and add positions as a strong price up-move is possible.
it has been observed that It is making the clear handle and cup the formation, this is the demand zone of the stock. that gives us a good upside of 15%-20%.
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:
PANEL 1:
1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) On Lower Time Frame Charts.
2)...
Kellton is in bullish move and has broken one hour channel. It is also an undervalued stock on move.
One can start accumulation in this level for future short term target is 56.7 and 62.05
1 hour chart has already shown a breakout of a parallel Channel. now target will be 175/182/197/215.
Though this is an undervalued stock one can accumulate at 169/164 and 158 levels.
DBL is making similar pattern like Axis bank-
EMA 20 Daily+weekly support
Daily demand zone
Harmonic pattern
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
Industry PE-14.6
currently undervalued stock.
Instead of chasing high flying stocks look for trades which are ignored in frenzy. LT looks good buy on dips. Buy and hold for next few years for wealth creation.
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...
It has been observed that the price action is consolidating within a downward channel. Now, the price action has reached to the support zone and also touching the support of the downward diagonal. On such zone, buying can be seen which shall further move prices up.
As per my analysis, RECLTD is undervalued at current levels. It is providing good investment...
It has been observed that the price action dipped below the book value of the company, which is providing a good opportunity to buy as an undervalued company at discount of 20% from its book value. The price action dipped due to the recent down turn in the realestate market due to Government policy changes in recent year like Demonetization, GST and other. But the...
