"Mangalyaan & Brahmos" -The Sequel
GRAUWEIL did the surface finishing for the Mangalyaan and Brahmos missiles now will launch itself into orbit so this is a bag to HODL .
High time frame this looks set to flip current resistance and break the down trend line since Jan 2018 . Till demonetization in Q4 2016 had a butterfly effect on orders resulting in the downtrend kicking off.
I feel this baby is now set to target a tad under 100 before it continues price discovery for now 46 is the key . Flip that and the downtrend line is history.
Had a quick read and this company seems to be low geared and a nice list of clients its serviced in the past . Roll's Royce, BAR center etc..
Not sure if it still owns the land which is worth more than its market cap but all in all a safe decent pick which should move fast .
Will update a lower time frame graph next to figure out whats happening in the short term for our entry.
High time frame this looks set to flip current resistance and break the down trend line since Jan 2018 . Till demonetization in Q4 2016 had a butterfly effect on orders resulting in the downtrend kicking off.
I feel this baby is now set to target a tad under 100 before it continues price discovery for now 46 is the key . Flip that and the downtrend line is history.
Had a quick read and this company seems to be low geared and a nice list of clients its serviced in the past . Roll's Royce, BAR center etc..
Not sure if it still owns the land which is worth more than its market cap but all in all a safe decent pick which should move fast .
Will update a lower time frame graph next to figure out whats happening in the short term for our entry.
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