A company was chosen to buy Reliance Naval but asked for extensions.
They recd a deadline which ends 6th Sept 2023.
If they can take over the asset and grow it they might have a super upside coz its been told that Reliance Naval is an excellent asset.
Despite the massive upside already in the past month post a super result the stock could see a massive rerating
Long at current price with stoploss below 290 with first target of 380.
It could consolidate there before the next breakout.
The co is high risk because of they can't make the payment by 6th Sept the market might slaughter the stock again.
They recd a deadline which ends 6th Sept 2023.
If they can take over the asset and grow it they might have a super upside coz its been told that Reliance Naval is an excellent asset.
Despite the massive upside already in the past month post a super result the stock could see a massive rerating
Long at current price with stoploss below 290 with first target of 380.
It could consolidate there before the next breakout.
The co is high risk because of they can't make the payment by 6th Sept the market might slaughter the stock again.