Section 1.0: Key Metrics in Pictures

Having looked at the key metrics above, the below sections provide an in-depth fundamental, and technical analysis on one Resources Stock along with recommendation, technical support and resistance levels and indicative stop-loss.

Section 2.0: Ecora Resources PLC (Speculative Buy at GBX129.0 current price as on 9^th March 2023)

2.1 Company Details

2.2 Valuation and Technical Guidance

The stock has witnessed a fall of ~25.35% in 6 months and, over the last 9 months, it has decreased by ~24.36%. The stock has a 52-week high and 52-week low of GBX192.667 and GBX127.800, respectively.

Markets are trading in a highly volatile zone currently due to certain macro-economic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is March 9, 2023. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Technical Indicators Defined: -

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.

Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.

Disclaimer

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