Fundamental Analysis:
Market Cap: ₹6695 crore
Current Market Price (CMP): ₹70.95
52-Week High: ₹77.40 | 52-Week Low: ₹35.00
PE Ratio: 17.74 | PB Ratio: 1.00 (Both ratios appear average)
Technical Analysis:
Daily Chart:
Notable spike on October 5, 2023, indicating a bulk deal with high volume.
Subsequent period until November 23 had low volume.
November 24, 2023, saw another bulk deal with a volume spike, showing increased price movement.
Indicators:
Bollinger Bands and Parabolic SAR suggest strength.
Price finds support at the middle Bollinger Band, with SAR dots below the price.
Weekly Basis:
Broke out from consolidation pattern.
Price supported by 20 EMA, but caution warranted for long term due to 200 EMA being above 50 and 100 EMAs.
Strong trend requires alignment of all four EMAs (20, 50, 100, 200).
Market Outlook:
Bullish stance maintained.
Target: ₹80 | Stop Loss: ₹63.25
Disclaimer:
This analysis is for educational purposes only and does not constitute a recommendation to buy, hold, or sell. The provided information is based on personal studies, and individuals should conduct their own research or consult with financial experts before making any investment decisions.
#StockAnalysis hashtag#MarketOutlook hashtag#TechnicalAnalysis
Market Cap: ₹6695 crore
Current Market Price (CMP): ₹70.95
52-Week High: ₹77.40 | 52-Week Low: ₹35.00
PE Ratio: 17.74 | PB Ratio: 1.00 (Both ratios appear average)
Technical Analysis:
Daily Chart:
Notable spike on October 5, 2023, indicating a bulk deal with high volume.
Subsequent period until November 23 had low volume.
November 24, 2023, saw another bulk deal with a volume spike, showing increased price movement.
Indicators:
Bollinger Bands and Parabolic SAR suggest strength.
Price finds support at the middle Bollinger Band, with SAR dots below the price.
Weekly Basis:
Broke out from consolidation pattern.
Price supported by 20 EMA, but caution warranted for long term due to 200 EMA being above 50 and 100 EMAs.
Strong trend requires alignment of all four EMAs (20, 50, 100, 200).
Market Outlook:
Bullish stance maintained.
Target: ₹80 | Stop Loss: ₹63.25
Disclaimer:
This analysis is for educational purposes only and does not constitute a recommendation to buy, hold, or sell. The provided information is based on personal studies, and individuals should conduct their own research or consult with financial experts before making any investment decisions.
#StockAnalysis hashtag#MarketOutlook hashtag#TechnicalAnalysis