High Probability - Pullback from Trendline / FIB level
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Initial Buy levels : 56 - 59
Initial S/L : 53
Average more @ 62.5+ & 70+ levels
Technicals:
- Price bouncing with volume near INR.55 - 58 level, which is a perfect
Confluence of Trendline support and FIB 61.8 level.
- similar Confluence of Volume/FIB level Setup on 2'Nov20, resulted in a big rally.
Fundamentals:
- stock trading at 0.5 of its book value
- EPS turned positive ( INR +6.x compared to last year's INR -9.x))
- beneficiary of Govt's new Bad Bank announcement on 16Sep21.
- GNPA may reduce once NPAs are transferred to NARCL(bad bank).
Targets :
- Always Trail your S/L and leave the reward to Market.
(watch out when the price is INR.105+.. price movement may be faster. )
Caution : Midcap PSU stock... Prefer to allocate NOT more than 5-10% of your capital. And please consult your financial advisor to know more about the share market and the risks associated with buying / selling shares.
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Initial Buy levels : 56 - 59
Initial S/L : 53
Average more @ 62.5+ & 70+ levels
Technicals:
- Price bouncing with volume near INR.55 - 58 level, which is a perfect
Confluence of Trendline support and FIB 61.8 level.
- similar Confluence of Volume/FIB level Setup on 2'Nov20, resulted in a big rally.
Fundamentals:
- stock trading at 0.5 of its book value
- EPS turned positive ( INR +6.x compared to last year's INR -9.x))
- beneficiary of Govt's new Bad Bank announcement on 16Sep21.
- GNPA may reduce once NPAs are transferred to NARCL(bad bank).
Targets :
- Always Trail your S/L and leave the reward to Market.
(watch out when the price is INR.105+.. price movement may be faster. )
Caution : Midcap PSU stock... Prefer to allocate NOT more than 5-10% of your capital. And please consult your financial advisor to know more about the share market and the risks associated with buying / selling shares.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.