Late post,
The Chart is following a Flag and Pole pattern and the stock has already moved 15% up from the bootom of the flag and now the pole is being formed with still 15% possible upside accoring to the pattern. 23rd Sep to 26th Sep the delivery volumes are good 28%,29%,31% & 50% on sep 26th. The Stock is looking fundamentally strong with a valuation comfort of PE 32 & PEG 0.85
Positive MACD crossover and bullish RSI and good delivery volumes adds more conviction to the pattern.
15% upside still remaining!!
The Chart is following a Flag and Pole pattern and the stock has already moved 15% up from the bootom of the flag and now the pole is being formed with still 15% possible upside accoring to the pattern. 23rd Sep to 26th Sep the delivery volumes are good 28%,29%,31% & 50% on sep 26th. The Stock is looking fundamentally strong with a valuation comfort of PE 32 & PEG 0.85
Positive MACD crossover and bullish RSI and good delivery volumes adds more conviction to the pattern.
15% upside still remaining!!
Trade active
Keep a stoploss of 10%
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.