Buy Surana with a view of 6-8 Months.
Giving a breakout from the cup & handle on monthly Basis.
T1-61
T2-82
T3-234
Hold with patience and do your fundamental analysis.
This is my view on Surana Solar.
It has formed a Cup and Handle and positive Breakout is expected once confirmed, The chart has been marked with the resistance zone, Buy, Target and Stop loss.
Note: This is just a Prediction and not a recommendation.
BUY - SURANA SOLAR LTD
CMP - Rs. 24
Target - 1: Rs. 32
Target - 2: Rs. 43
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Timeframe - 3 months - 10 months
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Technicals - Bullish Flag Breakout
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This is just a view by an expert analyst, please invest at your own risk.
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Surana Solar Limited is a part of the Surana Group, Hyderabad. It is engaged in the business of manufacturing Solar Photovoltaic Modules, generation of Wind & Solar Power energy and trading of other solar related products. It is also into EPC of Power Projects on turnkey basis on MW scale.
Surana Solar Limited is engaged in the business of manufacturing solar photovoltaic (SPV) modules, Solar Lighting, Solar Lantern , Solar Power Charge Controller & generation of wind power energy. Stock near support zone, very good fundamentals and very bullish trend.
SOME FUNDAMENTAL EVALUATION POINTS:
BUYER DEMAND – GOOD : B+
CASH FLOW POSITIVE
PROMOTER HOLDING...
One of the good picks with solar theme.
Looks like all of them getting ready for pre budget rally.
Consolidated for 3yrs . Looks good for investment.
Potential multibag....
