what i wanted to discuss is potential of RAL to stabilize over rs.5 in very short term.
my mathematical prediction is gain at least 20% within 6 months period.
- RAL current price is around rs.4-4.2
my entry target for RAL is the range of 4-4.4
My exit target is 5+
Now, some backgrounds-
RAL - rights conversion around 2012-06 @ 4.
current price - 4.2
lowest hit during the period of last 12 months - 3.9
many were exit from the share from 2012-6 to 2013-01 period around 4.7-5+ range.
now it seems stbalize around 4.
i feel a possibility of taking good return in short term investment just analyzing share price , quantities and market trend.
please share your thoughts.
Anyway, I own few RAL.