Inverse Head & Shoulder Breakout - MAHSCOOTER

Technical Analysis:

• Current Price: ₹13,755
  
• Target: ₹18,000 (significant potential upside)
  
• Bullish Patterns: Inverse Head and Shoulder breakout confirmation or Cup & Handle pattern formation/breakout (chart needed to confirm which is more dominant and the status of the breakout).
  
• Time Frame: 1 to 3 months.
  

Updated Fundamental Considerations:

• High P/E (91.6): Suggests premium valuation, implying high growth expectations.
  
• Positive EPS Growth (YoY): EPS ₹188 vs. ₹174 indicates positive earnings growth over the past year.
  
• Strong Latest Quarter EPS (₹45.2): Significantly higher than the previous quarter, signaling a potential positive shift in profitability.
  
• Industry P/E (21.6): Highlights the substantial premium the market is placing on MAHSCOOTER compared to its peers.