FINO PAYMENT BANK Analysis

8月25日

FOR LEARNING PURPOSE

FINO PAYMENT BANK LTD - The current price of FINO PAYMENT BANK is 412.80 rupees

I am going to buy this stock because of the reasons as follows-

1. Its coming out from a good consolidation base

2. Its making a new high. Its breaking resistance of last 2 years and making 2Y high

3. It is showing better relative strength as it stood strong in volatile times

4. The risk and reward is favourable

5. The recent results has been great and it will act as some catalyst. The results have been good in past few months.

6. The stock is very volatile as its a small cap stock so weak hearted people must stay away.

I will buy it with minimum target of 35-40% and then will trail after that.

My SL is at 357 rupees

I will be managing my risk.