Valiant Organics Ltd Trend Analysis
A small cap company with good fundamentals.
Revenue increased but net profit declined due to declining OPM.
Technically bullish as price is moving in a WXY corrective move towards upside after a long term downtrend.
As per conventional TA, it is forming a nice cup with handle pattern with a technical target of around 1300.
Good to accumulate around 560-610 levels for the following targets:
Short term swing target @ 920 (57% ROI, 4 R:R)
Medium term swing target @ 1200 (105% ROI, 7 R:R)
Mandatory SL @ 500
Do your own due diligence before taking any action.
Peace!!
Revenue increased but net profit declined due to declining OPM.
Technically bullish as price is moving in a WXY corrective move towards upside after a long term downtrend.
As per conventional TA, it is forming a nice cup with handle pattern with a technical target of around 1300.
Good to accumulate around 560-610 levels for the following targets:
Short term swing target @ 920 (57% ROI, 4 R:R)
Medium term swing target @ 1200 (105% ROI, 7 R:R)
Mandatory SL @ 500
Do your own due diligence before taking any action.
Peace!!
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