As per the chart pattern, Whenever the price has come to the bottom line it has significantly spiked towards upside and made newer highs.
This has happened all the 2-3 instance before. So unless the price breaks the bottom line it's a very good region for accumulation. We can clearly see the accumulation happening since last 20 days from march 15th 2023 till today 4th may 2023
Also the company is quite decent with fundamentals too. I have added this to my core portfolio of 8-10 stocks around 1300's Planning to add more at this region as the risk reward looks very favourable here
Price is quoting only 30 times the earning which is the least in the private sector insurance.
This company offers wide range of insurance products from major being motor insurance and also health, crop, general, fire, cyber insurance too
This has happened all the 2-3 instance before. So unless the price breaks the bottom line it's a very good region for accumulation. We can clearly see the accumulation happening since last 20 days from march 15th 2023 till today 4th may 2023
Also the company is quite decent with fundamentals too. I have added this to my core portfolio of 8-10 stocks around 1300's Planning to add more at this region as the risk reward looks very favourable here
Price is quoting only 30 times the earning which is the least in the private sector insurance.
This company offers wide range of insurance products from major being motor insurance and also health, crop, general, fire, cyber insurance too
Adam umesh