#PANAMAPET though a slightly higher risk bet as it's in downtrend for past two months, yet company has good potential to show strength in upcoming weeks/months. Fundamentally, company is very good with ROCE of 41% and ROE of 34%. Also, PEwise it is just 7.22 which makes it a very discounted valuation counter. Technically, if trend reverses and company bounces back we can see good upside. Levels have been mentioned in the chart. For risk management, stop losses are also highlighted.
3 targets and 2 stop losses are marked.
This chart is for educational purposes only. We are not Sebi registered and do not provide any recommendations. Kindly consult your financial advisor before making any trade/investment related decision.
