Firstly, Thank You everyone for helping out.I have decided against TATA POWER
I was checking on HINDALCO. its one year high stands at 134 and it is trading currently at 110. I am looking atleast 10 rupee upside move.Considering, the one year high and current levels dont have much difference, should i go for it?
(what do investors think about TATA COMMUNICATIONS)
Awaiting for your valuable insights.
Thank You
Hindalco has corrected from 252 to 80.
38% retracement of this correction comes @ 148 which is our target.
It may touch 20 ema @ 105 before going up, So the buying should be near 105 if u get the chance.
If you calculate the return on your investment will be around 40% when you enter @ 105.
The target might get achieved in 2-3 months.
If you hold it for longer term the targets are 188 and then 233.
So the decision is upto you.
Thanks