REPCO HOME FIN LTD Trend Analysis
Fundamentally undervalued as price is trading at 60% of its book value and it's PE is 1/3rd of the sector's PE.
With an increase in REPO rates, borrowings are getting hit but financing margin is improving.
After a long downtrend of around 3 years in a bearish impulsive move, now price is showing bullish corrective move which may end at 540 or 715 level.
Alternatively price is moving inside a descending channel and now it's preparing for a break out.
In case it fails to break out, price can plunge towards 175 level.
Good to accumulate for the following targets:
Short term swing target @ 380 (65% ROI from CMP)
Medium term swing target @ 560 (143% ROI from CMP)
Long term swing target @ 715 (210% ROI from CMP)
Usually the corrective moves have good momentum.
Do your own due diligence before taking any action.
Peace!!
With an increase in REPO rates, borrowings are getting hit but financing margin is improving.
After a long downtrend of around 3 years in a bearish impulsive move, now price is showing bullish corrective move which may end at 540 or 715 level.
Alternatively price is moving inside a descending channel and now it's preparing for a break out.
In case it fails to break out, price can plunge towards 175 level.
Good to accumulate for the following targets:
Short term swing target @ 380 (65% ROI from CMP)
Medium term swing target @ 560 (143% ROI from CMP)
Long term swing target @ 715 (210% ROI from CMP)
Usually the corrective moves have good momentum.
Do your own due diligence before taking any action.
Peace!!
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