BUY - ANDHRA PAPER LTD
CMP - Rs. 532
Target - 1: Rs. 674
Target - 2: Rs. 823
Target - 3: Rs. 980
.
Timeframe - 4 months - 18 months
.
Technicals - Trendline Breakout
.
This is just a view by an expert analyst, please invest at your own risk.
.
Follow me for more!
Andhra Paper at good valuation
current PE:- 4.2
median PE 5 yr :- 7.4
practical potential gain :- 56-60%
with increase in earning PE will fall thus ll make it further more attractive valuations
The stock had given a breakout from series of patterns including an inverse head and shoulder moreover after breaching the 555 level it gave a rally and retested to the same level . post breakout the stock is agian forming a rounding bottom pattern . for the short term the target would be 650 thereafter the stock can rally till the 972 levels for broader time ....
An undervalued company with P/E<5. Not every low P/E are good. But Andhra paper is exceptionally good in terms of fundamentals. Working capital reduced drastically. Improved profitability and operating cashflow with stellar operating profit margin. Expected Target 880.
Can be held long term as well as it's undervalued.
Disclosure: Holding before this stellar breakout
Andhra Paper broke the level of Sep 2018, almost after 5 years. Good consolidation has been done in Daily chart before giving breakout. Can see a short term target of 718 by Dec 23 and and one can also wait for a target of 950-1000 within a year. Next Big move only after todays high i.e 675
NSE:ANDHRAPAP
marching towards 600 and afterwards 900 can be targeted
cmp is 466
This analysis is being done for educational and knowledge-sharing purposes.
This article does not offer any kind of buy or sell advice.
All stocks are positional and are held for a short to medium period of time.
Everyone is expected to conduct their own research and analysis to...
Swing stock for week:- ANDHRA PAPER
Buy above 520+
SL 495
TARGET 610+
SECTOR #PAPER PRODUCT
Disclaimer:-This is not a buy and sell tip it's only for educational purpose analysis.we are not responsible for your profit and loss.
#Swastik_capital
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
PATTERN - the stock has formed a year long consolidated rectangle which just follows range bound trend . the stock is ready for potential rally with unprecedented volumes.
TARGET - for time being the stock can rally till 500 levels in no time and furthermore if it penetrates the resistance it can returns till 620
FUNDAMENTALS - The company is owned by west...
