Technically and fundamentally it's showing a BEARISH trend, better EXIT who's in long on this stock. Also as per the P/E ratio, it's a high expensive stock. So it's a higher risk to hold for a long time investment.
I WOULD LIKE TO SEEK YOUR SUGGESTION , IF WE DRAW A TRENDLINE FROM 8 APRIL 2021 TO SAY 5-6 JUNE 2021. THEN WE HAVE A SITUATION WHERE IF STOCK BREACHES 423. WE SHALL HAVE A DOUBLE BULLISH CONFIRMATION ONE FROM BREAKOUT OF TREND LINE AND BREAKOUT FROM RESISTANCE LINE. KINDLY GUIDE.
WECLAN
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@kingsgold2019 everyone has their own view, my point of view is Bearish maybe others point of view Bullish.
StockWhizzer
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@WECLAN What's chances of breakin 425 this time after multiple attempts & also will MnM Fin hit 200 by expiry?
StockWhizzer
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Why is ur theory contrarian to all others?
WECLAN
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@StockWhizzer I think I don't care about others' opinion and their analysis. I follow my own theory, it doesn't matter whether it works for me or not. 🤔
StockWhizzer
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@WECLAN not to sound offensive with due respect :) Also, your view on Parag Milk & Elgi Rubber?
WECLAN
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I think I don't care about others' opinion and their analysis. I follow my own theory, it doesn't matter whether it works for me or not. 🤔