In near term there is correction in stock and can fall close to 190 - 195.
Once the stock closes above 214 then we can go long. Also fundamentally a new manufacturing plant is starting in 2023 which raises the forward PE for the stock.
This has been accumulation since last 2 years and havent participated in rally. The defense local manufacturing will make it more attractive.
Once the stock closes above 214 then we can go long. Also fundamentally a new manufacturing plant is starting in 2023 which raises the forward PE for the stock.
This has been accumulation since last 2 years and havent participated in rally. The defense local manufacturing will make it more attractive.
Trade active
came up earlier than expected. trade is activeTrade closed: target reached
Target reached .... now next target is 278
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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.