One of the few NBFC's trading below book value.
Long above 183 where the stock will have sort of a wedge breakout for 210 sort of targets.
I think this is a value picks so the SL will be deep around 164.
IF wanted this trade can also be taken in 2 parts.
First long above 183 with SL below 164.
Once 190 gets taken out can add more with SL below 175.
The real key here is a breakout above 210 which gives 230.
Disc: Invested and biased.
Long above 183 where the stock will have sort of a wedge breakout for 210 sort of targets.
I think this is a value picks so the SL will be deep around 164.
IF wanted this trade can also be taken in 2 parts.
First long above 183 with SL below 164.
Once 190 gets taken out can add more with SL below 175.
The real key here is a breakout above 210 which gives 230.
Disc: Invested and biased.