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breakout
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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.
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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.
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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.
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