Bull therapy 101-thread for technical analysis with the fundamentals

Kridhan infra…

this was the wave 2 correction, a technical and a healthy one in kridhan infra…
i have serious doubt at the end of this , how much of weak hands are left in the system, although there is no sign of wyckoff accumulation as yet, the selling climax has not yet been reached, which will [most likely] have a spectacular volume surge…
the preliminary support has been established though with good volumes at 72…

Mean while the fundamentals are or track, although the timeline got a bit delayed, in the sense that , the VNC acquisition which was scheduled to be completed within fy18, got dragged into q1-q2 of fy19 due to NOC yet pending to be cleared from the banks…
The equity dilution is complete…
the balance sheet consolidation with VNC is scheduled to be from q2 onwards…
Meanwhile vnc having a good order book, almost 6x of kridhan’s annual present topline,and a 180cr order has been added recently with 15month completion timeline…
the company guides a 3x to 5x multiplication of the annual PAT post the merger…
Mean while, the subsidiary SWee Hong turnaround story seems to have been on track with its financial situation , indirect evidence being it bagging orders finally, back to back and 2 more left to be announced if acquired…
the stock seems to be trading at really cheap valuations, with the game changing vnc merger not yet even being priced in…

at the same time…
the correction seems to be over almost…
it was a characteristic wave 2, deep , bloody and fast… all the way down to the 78.6% of the previous motive wave…

Disclaimer… invested…

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