Way2Wealth's research report on ILandFS Transportation Networks
"After the recent correction the price has completed Double Bottom Pattern which is a strong reversal pattern (In the attached pdf). The stock has given a breakout above the neckline which is placed at 204 levels marked in horizontal blue line, after which prices flared till 216 and pulled back nicely near the neckline which is now acting as a strong support. On the wave front it seems the stock has completed it corrective wave 4 and has started its Impulse 5 wave which gives a minimum Target of 242", says Way2Wealth research report.
Investment Strategy:
Buy above 216 with a stop loss of 198 for a Target of 260/280. CMP 213
Risk/return ratio: 1: 2.44
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