Stock has history of moving in Flag and Pole Pattern.
Looks like Pole has been created on weekly Chart, Pole can become bigger if 168.8 cross this week else Stock can go sideways.
140 can become good accumulation zone with Stop loss of 120.2
Targets: 2.618 Fibo ie 204 and 3.618 Fibo 243
Duration : 1-2 Years
Fundamentally 230 looks Fair Valuation in fact if Sales keep on increasing in next 2 Quarter then Stock can fetch higher Valuation.
Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
Looks like Pole has been created on weekly Chart, Pole can become bigger if 168.8 cross this week else Stock can go sideways.
140 can become good accumulation zone with Stop loss of 120.2
Targets: 2.618 Fibo ie 204 and 3.618 Fibo 243
Duration : 1-2 Years
Fundamentally 230 looks Fair Valuation in fact if Sales keep on increasing in next 2 Quarter then Stock can fetch higher Valuation.
Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
Trade closed: target reached:
Target 1 achieved on 10th May.
Use 190.1 (Weekly Close) as Stop loss for target 2 i.e 243
Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
Use 190.1 (Weekly Close) as Stop loss for target 2 i.e 243
Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
Trade active:
New formation and levels posted on below post
