RE: 135p and above is EASY :) But why, explained16 Mar 2021 13:30
Any broker rating revision is going to make this move fast above 135p... Watch it going high atleast 10% to 20% from the current SP!!! All the following points, should support my opinion...
1. Results gave clear cut clarity on where the company stand and the work that are doing (Cost cut, research, focus on Defence and other business items that generates revenue)
2. Those who waited for big gains or short term profit on results are drying out, that means there is more buy pressure (simple terms calm before storm)
3. Long investors who are at a higher average might look forward to cut down risk by further averaging their portfolio, so there is going to be eventual BUY RUSH!
4. Technicals: 30, 50, 100 Day MA is all way below the sp at the moment (121p) and trends are buy signalled, so this is going to add further buy side pressure.
5. Lockdown slowly easing and air travel businesses are coming with alternatives to get back on foot
6. The above all points should get this favourably getting RR pushed to break the resistance at 135p. And so, 15 to 20% (139p to 145p) above the current sp is very very much feasible