Ranked as world's largest home textile supplier.
Potential Multibagger!!
There is divergence in RSI on weekly and Stochastics is hitting the floor on monthly.
Sales declined since SEP 2021 with decline in OPM%.
A decline of more than 63% shows price has already factored in these fundamental aspects.
Net profitability has increased by 11.3%
Key support level is at 57 so its good to accumulate around this level.
Stop loss @ 45
Short term swing target @ 90 (57% ROI with 2.75 R:R)
Medium term positional target @ 150 (163% ROI with 7.75 R:R)
Long term positional target @ 207 (263% ROI with 12.5 R:R)
Do your own due diligence before taking any action.
Peace!!
Potential Multibagger!!
There is divergence in RSI on weekly and Stochastics is hitting the floor on monthly.
Sales declined since SEP 2021 with decline in OPM%.
A decline of more than 63% shows price has already factored in these fundamental aspects.
Net profitability has increased by 11.3%
Key support level is at 57 so its good to accumulate around this level.
Stop loss @ 45
Short term swing target @ 90 (57% ROI with 2.75 R:R)
Medium term positional target @ 150 (163% ROI with 7.75 R:R)
Long term positional target @ 207 (263% ROI with 12.5 R:R)
Do your own due diligence before taking any action.
Peace!!