Now it is poised for a breakout from the flag, coming result must favor a scenario as per the chart. Yes it is preparing for good jump. 5310 is the first resistance.
Once the first resistance is crossed in a swift manner with good , it can find new high.
Suppose a company faces tough competition in the market it is not going to ruin, until it affect its sales and proft margin.
Here , in this case, the annual sales in increased to 2681cr from 2554cr & the NPM is maintain an average 7%.
I think there are some technical reason like pattern completion/ retracmnet level/ Accumulation etc;, other than the Managerial/ operational issue.
Am using the available internet data and I cannot see any there through the net. if any one have such kind of valuble information, my humble request to share with me.
Thanks a lot to share you concern