Hey Guys !!
I hope all good with you guys, Here is a GIFT for New year from My Side...
A Stock idea that will make you RICH in Next year..
This Stock Idea is covered in my Small Equity Report for 2019, which will be released on 1st jan 2019. Obviously I will update the release confirmation. If you want to gain in 2019, Just Follow our Stock Ideas and Make Money Flow to you !! Just Don't Forget us, when it starts coming your way :)
The Stock in Discussion Today : LOVABLE LINGERIE LTD.
(Don't try to remember their ads, we are here to discuss stock price Only)
As usual, I will not waste your time. Let's move directly to the Chart..
This is a Weekly Time frame chart, Initial High priced area is not visible in this chart where stock was trading around 640. But it's a History now. Let's Focus on Current Chart, We can see a Strong Downtrend, Complete Vertical fall for the Stock. In the Recent week, Stock is showing a breakout candle. The Candle is Strong in all respects, Current Week Candle is Completely outside the Trend line. On Monthly chart, Last 3 Months including the current month are showing exhaustion of the downtrend, complete indecisiveness is shown with almost no body and only Long Shadows on both sides.
Clearly The Chart is Suggesting something is cooking here.
Fundamentally The Stocks Book value stands at Rs. 115 per share. Most important thing is the Company is now a Zero Debt Company. The Stock price is trading below it's Book value whereas Stocks normally trade in Much higher Premium.
Clearly we are Having a Breakout Candidate with some Strong base and it might be ready for a Launch on High Speed Train.
Conclusion:
LOVABLE LINGERIE LTD.
Recommendation : Buy
Entry Range: 100-102
Stoploss: 86
Targets: 190 - 220 - 255 - 277
Time frame: 6 to 8 months approx
Even though we are recommending a Buy on the Stock, doesn't mean you should Bet everything on the same. Our Analysis doesn't force the stock price to perform as our wish. You must follow a Strict Risk Management and always be ready to exit at Stoploss. Don't blame us for your losses as you won't be coming appreciating for the profits you may make. In Short... Following Risk Management is traders / Investors responsibility, Follow the Rules Strictly.
The Analyst is a Global Market Expert, a Renowned Analyst in Global Markets and a Certified Investment Adviser.
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