Buy Sierra Cables at 2.80 - For Short Term Traders and Long Term Investors

On the 15th of December 2015 I gave a trade Idea on Sierra Cables. This was stopped at 3.70 which was the stop for that setup. Present closing price is 2.90 for the counter, and the present swing low is 2.60. This counter had been trading between 2.70 and 2.80 for the last 5 days, with a high of 2.90. I give a trade buy call @ 2.80 for the short term, with a stop @ 2.60 and based on their fundamental valuations a buy @ 2.80 for 12 months as well. Aggressive trader will have a profit of 5 % nett at an exit price of 3.00, and a buy for a period of 3 months a return of 12% at an exit price of 3.20. For the 12 months period I expect the counter to give a return of 40% at a target price of 4.00.