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A hypothetical wave count, assuming Revathi' is correcting in wave 2. Wave 2 is normally a zigzag , can come down to 99% of wave 1. A long term trend line supporting around 630 will give a good support. Revathi' is having a good fundamental records, but this small cap is having low equity base & no investors/traders participation for quiet long time now. But ...
Stock is a Techno Funda pick with a medium term holding period. The company operates in drilling rigs which are used extensively in mines such as coal, copper, gold, iron, zinc, phosphate, bauxite, lignite, limestone, etc.
India is seeing an increase in mining activity after a deadlock of about 5 years.
A theses in play here is that, a company which servives a ...