Bhatia Communication can go from 26 to 60 in 6 monthsPositional analysis for time frame 3-6 month
CMP= 26.5 on 29 october 2024
Fundamentals company is showing 33% in sales growth since last 3 years and 45.5% profit in the same 3 years. Promotor has more than 70% so the company is fundamentally strong.
According to Elliott wave analysis the price is about to start its Subwave 3 of main wave 3 after making 61% correction for subwave 2 of main wave 3.
perfect buying range 23 to 27 rs
stop loss= 19
target = 60
