ABM Kowledgeware Can give quick price movement till 280 to 300 Price is moving in its Main 3rd wave where this price correction is making subwave 4.
SO this is a good buying opportunity
Buy in price range 190 to 195
Target 260, 300
Stop loss 145
ABMKNO trade ideas
ABMKNO - ABM Knowledgeware Ltd - Long Term Buying OpportunityABMKNO Technical Analysis (as of June 4, 2024)
Here's a breakdown of ABMKNO's technical analysis :-
Overall Trend: According to Fundamental analysis, ABMKNO has a buy rating on the weekly timeframe and a strong buy signal on the monthly timeframe. This suggests a potential upward trend in the short to medium term.
Recent Performance: ABMKNO is down slightly today (1.2%) and has seen some decline over the past month (5.48%). However, it's important to consider the longer-term performance where the stock is up over 29% in the last year.
My Opinion:- Overall technical analysis suggests that the trend is bullish.
Thanks for your support as always
Disclaimer: This information is for educational purposes only and shouldn't be considered financial advice. It's important to do your own research before making any investment decisions.
ABM KNOWLEDGEWARE, HIDDEN GEMABM KNOWLEDGEWARE (531161)
Cmp 126
👉 It is focused on providing e-governance software and solutions to Indian customers. Company in this business for the past 20 years and are one of the very few private sector companies with such a long and proven track record.
👉 It provides e-governance solutions to the government, urban local bodies and power and water supply companies
Its key offerings include e-Municipality software, Cyber Security, ERP, Smart City Solution, Smart Water Management, SAP Practice, Accrual Based Double Entry Accounting, Tourism Portal, Online Building Plan Approval System and Tax Reforms Solution.
EPS Rs 9.7
PE 13
Price/ Book 1.39
👉 It’s a DEBT FREE Cash rich company having high reserves
👉 Promotors hold 67% sake, various corporate bodies hold around 19% stake, so it is a tightly held company due to its excellent products in Cloud computing
👉 Company’s subsidery InstaSafe Technologies is a leading Cloud-based Security-as-a-Service solution provider delivering comprehensive and uncompromising protection to mobile and remote workers enabling them to safely and securely access enterprise apps, email and web from anywhere on any network. Nowadays these security services are in huge demand as Work from Home has increased many fold so therefore companies require these kind of services to prevent themselves from security and Data Breach in COVID times
