RRBI AnalysisI am going to buy this stock because of following reason:
1. After stage-1 made good move up
2. stage2 is not extended
2. giving good correction of 8 weeks.
3. was holding well when SPX was falling.
4. has outperformed the market.
5. low financials, mid valuation, good momentum .
6.institution holding is unchanged.
I am managing my risk with stop loss of 7%. i am targeting 25-30% from here.
P.S. this is for learning purpose and not a tip or recommendation.
Long