COMPUAGE INFO good breakout candidate.COMPUAGE INFO looks poised for an up move.
Latest results were good.
The RSI is showing a bullish divergence .
Volume is building-up.
Stock just broke the 200 EMA line
Overall, the stock is looking bullish.
Entry - 24.80 (as close you can get)
Target - 27/29.50/33
SL - 22
Study the stock before taking entry.
COMPINFO trade ideas
Compuage Infocomm - Long term analysis Compuage Infocom Limited, an information technology (IT) and mobility distribution company, trades in computer parts and peripherals, and software and telecom products in India and internationally. The company also provides products support services for IT products.
Levels are marked on the chart
Stock has been following 50 ema and it is acting as amazing support.
Investing in a company with such a small market cap of just 2.118 bi can be very risky, please do your own due diligence strictly.
Some resources that I found useful are:
simplywall.st
simplywall.st
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The analysis is my POV , hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
Compuage Infocom swing trade ideaThere are two buying conditions here..
1. Either wait for price to come to 29 and then buy with SL below 28 and first target at 34 and beyond.
2. Or if it doesn't fall, buy above 32.50 with SL below 30 and wait for it to break resistance at 34.
My target expectation is 50+ in 6 months timeframe.