Lancer Container Lines Ltd Trend Analysis (900%+ ROI potential)
Reserves nearly doubled and borrowings got reduced by 60% in last one year.
Shareholdings of the promoters have been declining since Dec 2021.
Considering the fundamentals, price is available at fair value to initiate accumulation.
Technically price is bottoming out to mark the end of a larger degree wave 4.
In the first wave price became 13X.
In the third wave price became 66X (3rd wave was extended).
Fifth wave is going to be normal and we can at least expect 10X.
As per conventional TA, price is moving inside a falling wedge and price is making bullish divergence with RSI on weekly TF.
Either you can accumulate at CMP or wait for a breakout of the falling wedge with good volume for the targets highlighted according to your investment horizon.
Do your own due diligence before taking any action.
Peace!!
Shareholdings of the promoters have been declining since Dec 2021.
Considering the fundamentals, price is available at fair value to initiate accumulation.
Technically price is bottoming out to mark the end of a larger degree wave 4.
In the first wave price became 13X.
In the third wave price became 66X (3rd wave was extended).
Fifth wave is going to be normal and we can at least expect 10X.
As per conventional TA, price is moving inside a falling wedge and price is making bullish divergence with RSI on weekly TF.
Either you can accumulate at CMP or wait for a breakout of the falling wedge with good volume for the targets highlighted according to your investment horizon.
Do your own due diligence before taking any action.
Peace!!
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