ARMANFIN Long Idea ......
ARMANFIN Technical: chart is looking good for reversal.
Stoploss & Targets are given in chart. In coming growth cycle, it might touch Channel high.
Risk Management is very Important as Micro-Finance Industry is in bad shape right now.
NOTE: It is NBFC with 2Wheeler, Microfinance, and MSME Loans. MFI segment is currently under very stress due to NPA's so bad asset quality, , provisions so drop in net profits. Drop in Interest rates will trigger next growth cycle. So closely observe RBI rates and signals in price chart.
Stoploss & Targets are given in chart. In coming growth cycle, it might touch Channel high.
Risk Management is very Important as Micro-Finance Industry is in bad shape right now.
NOTE: It is NBFC with 2Wheeler, Microfinance, and MSME Loans. MFI segment is currently under very stress due to NPA's so bad asset quality, , provisions so drop in net profits. Drop in Interest rates will trigger next growth cycle. So closely observe RBI rates and signals in price chart.
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