Rajesh Exports Trend AnalysisDeeply undervalued mid cap gem with strong fundamentals.
Is setting up 5 GWh factory to manufacture Lithium Ion Batteries.
Technically RSI is showing weak bullish divergence on daily TF.
Currently price is hovering around 2015 levels whereas revenue increased more than 6 times and profit just doubled due to reduced profit margins.
With increasing number of retail outlets and Lithium Batteries production, OPM is definitely going to increase in couple of years. In this case expecting multibagger returns would not be wrong.
Chart is forming I-II, 1-2 pattern, means 3rd primary wave (wave 3) of the 3rd cyclic wave (wave III) will begin and in this case it is expected to be extended upto a minimum of 1.618 fib extension.
The above said pattern will become invalid if price goes below 518.50 where you can set stop loss (optional).
It is the best time to buy for the following targets:
Short term swing target @ 1000 (84% ROI)
Mid term positional target @ 1950 (259% ROI)
Long term positional target @ 2450 (351% ROI)
Do your own due diligence before taking any action.
Peace!!
