The stock's price moves above a eighteen years resistance level. Bullish signal generated with Cup & Handle neckline breakout, which supported by increasing volume. Wait for price retest to confirm the valid breakout.
MCAP 1936cr | P/E 30.70 | ROCE 21.80% | ROE 18.40% | Promoter Holding 75% | D/E 0.26
Stop Loss below Rs 285; Target 1 Rs 425
Weekly Chart
From past 18 month, the stock is uptrend with higher high & lower low price structure.
Daily Chart
After the short term consolidation, price given a strong volume breakout. The price above key moving average.
Thanks
-aj
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
MCAP 1936cr | P/E 30.70 | ROCE 21.80% | ROE 18.40% | Promoter Holding 75% | D/E 0.26
Stop Loss below Rs 285; Target 1 Rs 425
Weekly Chart
From past 18 month, the stock is uptrend with higher high & lower low price structure.
Daily Chart
After the short term consolidation, price given a strong volume breakout. The price above key moving average.
Thanks
-aj
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
註釋
Big move from retest level.
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