Beaten down - Sniper stock

Last week shared a beaten down stock on a twitter handle. This stock is on a downward journey from last 6 years. However, we started accumulation in a sip mode from 7-8 rupees and sold it on 11 last November. But it was always on a radar. Last week it broke out from a multiyear resistance, I made a small position immediately. this beaten down stock can go to 40 in years time.

Here is a micro-cap has beaten down from last 5-6 years. Breaking out from Multiyear resistance once it crosses 13.5 for a target of 40 in 9-12 months. pic.twitter.com/PCVQbytvFM

— Raj (@rd4valueinvest) June 19, 2018

one can still buy this stock at cmp with a stop loss of  13 and Target of 22 and 40 for short and long term respectively. It can be accumulated on every dip to 50 MA for long-term if your horizon is a couple of years with appropriate stop loss. 

Friends updating my blog after a long time due to official engagements. I will try to post regularly i.e. at least weekly with few of my top picks. Last week could look into few charts with a good setup and shared those on my Twitter Handle. These selected stocks are based on two separate strategies, I will discuss those strategies in a few weeks time.

Tweet on June 11

keep an eye on #PVR for 1540, #CareRating for 1550, #Sail for 98 if it crosses 88.#Manali Petro once it crosses 50#HFCL , #FirstsourceSolutions & #Pfizer

— Raj (@rd4valueinvest) June 11, 2018

Tweet on June 12

Keep an eye on interesting chart patterns for medium to Long term. #UnitedBreweries for 1509#BestSteels for 190#NagreekaCapital & Infra for 75#ContainerCOrp for 1170 once it breaks 1305-1209 Range#Hikal breaking down from short-term HS Pattern for 220/200.

— Raj (@rd4valueinvest) June 12, 2018

 All these ideas are for Medium to Long Term, out of these 10-12 stocks, 2-3 might have multi-bagger returns, few might not move at all and few might give negative returns as well, no Onus.