Reason for long a) Book value: 120 and CMP is 85 indicating the undervalue b) earnings are not good and in declining mode c) Price at weekly breakout and volume accumulation d) SL compulsory
I Post educational chart for 3 Swing / Potential Stocks Everyday. Check Related Ideas section for more Swing Stock analysis.
This scrip is expected has been choosen for short Term pick as it had formed a beautiful pattern. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏🙏
Reason for long a) Price and volume spurt b) Long possibility as the price is in channel zone
Reason for long a) wedge like long pattern b) volume spike with price hike
Fundas okay good for long term investment tl breakout with volume support SL compulsory
SL Compulsory Volume support the price hike Duration: 2 weeks fundas okay Qty: 1% of total investment
It might reach 150+ soon. Lets wait and watch Only for education purpose
The stock is trading at a long term support zone on daily chart and should give a good bounce trade.