Andhra Paper analysis on 23 Jun 24

Andhra Paper analysis on 23 Jun 24
Formation of Cup and Handle pattern on monthly time frame
breakout of C & H Pattern and support near B/O
Add some quantity now
Try to add on dip 490 to 500
Target 600 - 650 - 700 - 750 - 800
Cup and handle pattern target 850
(Stock split is declaired 1: 5)


Fundamental Anallysis
promoter holding 71%
FII holding 2.33
stock PE 6.53 Less than industry PE 8.93
ROE 19.55
ROCE 25.20 & EPS 84