Hi, Noble is drastically oversold today.
Given Noble Beta of 1.6===>>>> It should have fell around 2% today instead of the 7%.
Also Olam, a similar (not same business) only fell by 1.2%. Hardly in tandem with Noble's movement today.
I am betting it will recover by mid day.
Good Luck to me
Target 1.36
Entry 1.29
Entry 1.29
Note that this trade is a speculation for quick gain. I have yet to do detail analysis on Noble. Follow at your own risk.
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