REPCO HOME FIN LTD Trend Analysis

2023년 1월 8일

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!!