This scrip is in a downtrend for past 5½ years and it had given a breakout from the trendline last year Nov but it couldn't continue its bullish momentum. Now again it's back to rhe the trendline and it looks like its bouncing back from there. Its a fundamentally sound scrip, according to the Ace Investor Ray Dalio if a company is making its highest ever profits, then it's stock price should be at its all time high and it makes sense too. Recent hype around EV may also boost this scrip's performance. Im bullish in this scrip for next 5-7 years. One can enter even now with minimum SL and with a target of All Time High.
@luckygyamlani13, Still looking bullish for the long term. This scrip is facing double resistance (21 MA and Monthly Pivot) around 713 level, so we may see a good buying momentum if it crosses 713 level and there's a high probability for a good rally to its ATH if it crosses 745 level. In short, consolidation for a short term & extremely Bullish for a long term (more than 2 years)
luckygyamlani13
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@Raghulramdoss, thanx for the help hope soo soon we will find support in this zone once again thanx sir