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.