Market Cap (Mcap): ₹5,119 Cr
Current Market Price (CMP): ₹420
52-Week High/Low: ₹444.00/₹171.80
PE Ratio: 39.70 | PB Ratio: 8.80
Technical Analysis:
Post Earnings Performance: Showed profit booking after earnings.
Kumo Clouds: Currently moving within the Kumo clouds on the Ichimoku chart.
Volume Analysis: Recent weeks have not seen significant volumes.
Symmetrical Triangle Pattern: Currently forming a symmetrical triangle pattern.
Trading Strategy:
Cautionary Approach: Given the symmetrical triangle pattern, exercise caution and wait for a clear breakout or breakdown before considering long or short positions.
Disclaimer:
This analysis is for educational purposes only and should not be considered as financial advice. Investing involves risks, and past performance is not indicative of future results. It is essential to conduct thorough research or consult with a financial advisor before making any investment decisions. The market can be unpredictable, and patterns may change.
Always consider your risk tolerance, financial goals, and market conditions before making any investment decisions. Trading based on technical patterns involves uncertainty, and the breakout or breakdown may not occur as anticipated.
Current Market Price (CMP): ₹420
52-Week High/Low: ₹444.00/₹171.80
PE Ratio: 39.70 | PB Ratio: 8.80
Technical Analysis:
Post Earnings Performance: Showed profit booking after earnings.
Kumo Clouds: Currently moving within the Kumo clouds on the Ichimoku chart.
Volume Analysis: Recent weeks have not seen significant volumes.
Symmetrical Triangle Pattern: Currently forming a symmetrical triangle pattern.
Trading Strategy:
Cautionary Approach: Given the symmetrical triangle pattern, exercise caution and wait for a clear breakout or breakdown before considering long or short positions.
Disclaimer:
This analysis is for educational purposes only and should not be considered as financial advice. Investing involves risks, and past performance is not indicative of future results. It is essential to conduct thorough research or consult with a financial advisor before making any investment decisions. The market can be unpredictable, and patterns may change.
Always consider your risk tolerance, financial goals, and market conditions before making any investment decisions. Trading based on technical patterns involves uncertainty, and the breakout or breakdown may not occur as anticipated.
Technical Analysis:
Symmetrical Triangle Breakout: Experienced a downward breakout from the symmetrical triangle pattern.
Kumo Clouds: Currently moving below the Kumo clouds, indicating potential bearish momentum.
Ichimoku Crossover: Bearish crossover with the baseline moving over the conversion line.
Trading Strategy:
Short Position:
Entry Price Range: ₹413 - ₹408
Stop-loss Range: ₹425 - ₹429
Target Price Range: ₹385 - ₹380
Disclaimer:
This analysis is for educational purposes only and should not be considered as financial advice. Trading involves risks, and past performance is not indicative of future results. It is crucial to conduct thorough research or consult with a financial advisor before making any investment decisions. Short positions involve inherent risks, and market conditions may change rapidly.