To me Rs 92 looks like a very attractive buy. Rs 50 crore + run rate of Net Profit on a 2000 cr Mcap Company is really a great place to start.
What a performance. What a move And its 16% of the Index !!
Missile Maker Going Like a Missile. Good Technical Set up, Flag & Pennant Fundamentally Great. Exports Started first time by a Domestic Defence Mfg. ZERO DEBT High Dividend Payout
WEDGE Formation after 14 weeks of constant Upmove (since Mar 23 bottom). RSI falling. Reliance the Flag bearer of the rally, has no more new news flow coming ( thats what I presume). Though it could find a bottom at 1900 and move to 2350.
Ist target nearly achieved. Longer term (mid Sept) target of 460 !!
Short ITC Had given a sell signal at 199 a week back. If it breaks 192, GO really Short !! Happy Trading
Brent has touched a new low but not BP. Just a matter of time.
Valuation is coming to. sensible band. But with 5% of the NSE turnover, will NSE be trading at 20x BSE valuation i.e, 1600 * 20 = Rs 32,000 crore ! Why buy a second hand company like BSE when a Ferrari like NSE is coming for listing.
Trendline support Oversold. Short term Buy TP Rs 220