Great company with sound fundamentals. Price falling due to covid situation. Target may take a year or more to reach, depending on factories' reopening and firing their A/Cs.
Caution:
if red candle bleeds below the trendline, then tread with caution, as stock may fall to 2000. This is likely scenario due to covid.
In few months, when pandemic ends, expect stock to take support of 200 day SMA or 2000 rupees (nearabout). And bounce from there...
Another approach could be to buy now, and average again at Rs 2000.
Caution:
if red candle bleeds below the trendline, then tread with caution, as stock may fall to 2000. This is likely scenario due to covid.
In few months, when pandemic ends, expect stock to take support of 200 day SMA or 2000 rupees (nearabout). And bounce from there...
Another approach could be to buy now, and average again at Rs 2000.