This counter can run mad reasons.
1. Hot sector.
2.Fundamentally all good.
3.P/E <11
4.Technically Well placed 20ema undercut done and a long consolidation seems over.
This is a pure technical play, I have done no research on the companny.
The chart looks very good with a great RR.
Any Ques
please feel free to comment.
1. Fundamentally great company.
Stock is trading at 0.53 times its book value
Company has delivered good profit growth of 63.2% CAGR over last 5 years.
p/e is 3.39
2. Technically well placed too.
3. Short to medium term trade.
4. Buy above the white line keeping sl below the white line on closing basis.Very small sl.