It is been observed on the Monthly Chart that the price action is trending up by making higher lows and higher highs (indicated on the chart with a long upward moving arrow). Hence it is providing a good investment opportunity at current levels. It is also fundamentally strong company and with interest rate and inflation going down shall benefit the company's upcoming quarter returns.
I believe it shall further move up and continue the trend in coming months. Therefore, I expect the price action to cross above 1100 levels soon.
A roughly 5.5% upmove from here qualifies as an investment bet? That too after such a big breakout. Surprised!
shiv2798
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@ArjunT, Yes it Qualifies when seen on higher time frame , Not on smaller time frame , both differ in the % of price movement , Smaller time frame will have small price movement range in the form of % and higher will have their own range , I agree with Neetesh Jain , Price action observations , and it is only a information on past price movement , No one will definitely predict the 100 % feature price projections , we all anticipate the feature based on past movement , so one has to stand on his or her own way of ideal thinking and have to decide the further course of action
Best Regards
Shivakumar