Ismt

john302928

Well-Known Member
#1
I found this stock last week and it was in good shape and i was waiting for a confirmation and today it locked in UC.
cmp 12.8 and i expect this stock to double from here in the next 1 year. Based on my analysis it might achieve the expected level well soon. But still having 1 year period will help in case it develops any time consuming correcting patterns.
Currently stock has started its wave3 in monthly chart so I feel every dip in daily charts could be excellent opportunities to accumulate. This is not buy call. But this is just knowledge sharing

1.618% for wave 3=18.5 high probability
2.618% for wave 3=25 high probability

if wave 3 misses to achieve 25 then wave 5 will achieve this 25.

And in the longrun this stock might head towards 140. But at the moment it is better to focus on 18.5 /25 levels and then correction. That correction will give idea about further expectation.

I will add the chart when time permits.
 
#2
I know this company personally.

They are in quite a bad shape financially. Their investments in wind energy and other diversification's have been disastrous losses. Even their vendors are not paid in time.

Please be careful with this stock.
 

john302928

Well-Known Member
#3
I know this company personally.

They are in quite a bad shape financially. Their investments in wind energy and other diversification's have been disastrous losses. Even their vendors are not paid in time.

Please be careful with this stock.
Thank you the information. You are right. It looks like there is no fundamental improvement except improvement in operating profit in the last 2 Q. Dec Q result is not yet announced.Lets see if it is turning around. I usually focus on technical aspects and I am not good with Fundamental analysis yet.Based on my technical analysis this stock looks excellent and it has high probability to reach 25 zone soon.

Thanks again
 

john302928

Well-Known Member
#4
Chart added