Ansal too has become a BUY due to the recent midcap carnage in the equity markets. Technically Ansal API is a BUY with Money Flow index at 21.89, RSI at 26 , a hammer like candle formed and that too near the lower tip of the bollinger band.
Long term investors can look to enter at these levels as the book-value stands at 102, P/E ratio stands at 10 as compared to the industry average of 17. Price /Book-value is astonishingly 0.22. On seeing the longterm charts of Ansal 20-22 seems a strong support area and bounces from these levels.
I feel ansal can easily reach the levels of 32-34 in a year's time.
Long term investors can look to enter at these levels as the book-value stands at 102, P/E ratio stands at 10 as compared to the industry average of 17. Price /Book-value is astonishingly 0.22. On seeing the longterm charts of Ansal 20-22 seems a strong support area and bounces from these levels.
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ReplyDeleteMcx Tips
Today Ansal API has hit an upper circuit and currently trading @ 31.85..Good time to book entire profits and take you money off the table. I am sure we will get this share at a very low price in the time to come. Already it has given us a return of 50%.Problems will emerge in all real estate counters in a few months to come.Ideal rate would be to accumulate Ansal between 15-18.
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