Lancer: Unlocking 97% Profit PotentialRecently price has hit HTF order block on weekly. Stock can give 97% percent return in next few weeks.
LANCER trade ideas
Lancer Container Lines Ltd Trend Analysis (900%+ ROI potential)Reserves nearly doubled and borrowings got reduced by 60% in last one year.
Shareholdings of the promoters have been declining since Dec 2021.
Considering the fundamentals, price is available at fair value to initiate accumulation.
Technically price is bottoming out to mark the end of a larger degree wave 4.
In the first wave price became 13X.
In the third wave price became 66X (3rd wave was extended).
Fifth wave is going to be normal and we can at least expect 10X.
As per conventional TA, price is moving inside a falling wedge and price is making bullish divergence with RSI on weekly TF.
Either you can accumulate at CMP or wait for a breakout of the falling wedge with good volume for the targets highlighted according to your investment horizon.
Do your own due diligence before taking any action.
Peace!!
lancer containers good buying opportunity, near major supportafter major correction, great time to enter, upward potential of more than 100%
Lancer Container Lines *Lancer Container Lines*
Asc. Triangle BreakOut on Monthly Basis.
Downward Price channel BreakOut on Monthly Basis.
Strong Vol. Consolidation. Continued BuiltUp
RSI: 1H>D>W<M
Trail SL with Upside.
Book Profit as per Risk Appetite.
Do Your Own Research as well. This is an Opinion.
Happy Investing 😇
#Lancer Looks Good with Today's Open as SLLancer Container Lines Ltd is engaged in the business of Freight Forwarding, Clearing and Forwarding, Non Vessel Operating Common Carrier and Trading in Containers and related activities. The company offers its services across India and to other countries.
available at cheap valuationsLancer offers a wide range of container size and types ranging from 20 feet and 40 feet sizes and from Dry Van to Special Equipment. It has current inventory of more than10,000 containers to suit all types of customer needs. Lancer also provides Air Freight Services across the globe. Being well-connected to more than hundreds of Airlines and IATA certified Airline Agents in the industry, company has an advantage that help them offer services at competitive air freight rates, especially for shipments that are of high value or pressing on timely delivery.
The Company has an equity of Rs.10.05 crore backed by huge reserves of around Rs.29 crore, which leads to a share book value of Rs.39.2. The promoters hold 74.44% while the investing public holds 25.56% stake in the company.
It posted stable Q3FY21 numbers as net profit grew 29.44% to Rs.2.33 crore from Rs.1.80 crore
in Q3FY20 on income of Rs.64.81 crore fetching an EPS of Rs.2.32. For 9MFY21, it reported
23.31% higher PAT of Rs.6.77 crore on income of Rs.188.11 crore and an EPS of Rs.6.74.
At the CMP, LCLL trades at a PE ratio of just 11x while industry pe is 292 .
market cap to sales ratio is .10 (massively undervalued)
