Fundamentally good low PE IT H/w stock is getting ready for a second leg of rally
Safe entry - only above 900 ( day closing basis)
Promotors have increased their stake in the latest quarter
A micro cap company with good fundamentals.
Technically bearish as price is moving inside a falling wedge.
Key level is around 365.
Forming a nice cup with handle pattern with a technical target of around 900.
Good to accumulate around 350-380 levels or buy after break out of the wedge pattern for the following targets:
Short term swing target @ 550 (50%...
Chart is looking better after many years of downtrend. Any dip in this counter is an opportunity to add.
Traget: 300+
Stop loss: 240
Time frame: 1 month.
Long term target is 500+
