Well, I believe that this 25% downswing is an overreaction to the results.
RSI is at the lowest I've seen it in months, the stock is at an important multi year support and most importantly everybody and their grandmother is bearish which usually means that it's time to buy.
Initial stoploss at about 5% below CMP and then trail progressively, I won't give any targets because I believe that this is a long term hold; at least 6 months.
Cheers.
RSI is at the lowest I've seen it in months, the stock is at an important multi year support and most importantly everybody and their grandmother is bearish which usually means that it's time to buy.
Initial stoploss at about 5% below CMP and then trail progressively, I won't give any targets because I believe that this is a long term hold; at least 6 months.
Cheers.