(-)ve diversion on RSI chart indicates some more selling will follow . Expect it to settle it by 169-165 before some fresh move . This small correction will also complete the 50% retracement of the current move which it had 89 to 219 levels.
I havent published investment idea for a long time. So here comes a multi bagger. Price action is forming a rounding bottom. It will get completed at 200. After that we can expect break out. As of now we can have the targets as 200, 240 and 280. Investment strategy here is "buy in dips". Duration is one to 2 years. Always consult your financial manager before investing.
Company is a niche player in fresh fruits and pulp exports.
Stock has been consolidating for the past 2 years. Promoters have recently increased stake in the company.
Recently it seems like someone has started accumulating the stock and the price is ready to break out from the narrow triangle.
MACD has just crossed above signal and is above 0.
RSI also is in an...