Market Cap (Mcap): ₹31,721 Cr
Current Market Price (CMP): ₹71.75
52-Week High/Low: ₹74.80/₹45.15
PE Ratio: 54.36 | PB Ratio: 23.84
Technical Analysis:
Recent Correction: Experienced a 13% correction this month.
Recovery: Bounced back from ₹64.80 to ₹74.80, nearing 61.8% Fibonacci retracement.
Bollinger Bands: Currently trading below the middle Bollinger Band, indicating potential for slight correction.
Trading Strategy:
Enter Price Range: ₹67 - ₹70
Stop-loss Range: ₹60 - ₹62
Target Price Range: ₹73 - ₹75
Disclaimer:
This analysis is for educational purposes only and not financial advice. Investing involves risks, and past performance is not indicative of future results. It is essential to conduct thorough research or consult with a financial advisor before making any investment decisions. The suggested entry, stop-loss, and target prices are based on technical analysis and market conditions, subject to change.
Current Market Price (CMP): ₹71.75
52-Week High/Low: ₹74.80/₹45.15
PE Ratio: 54.36 | PB Ratio: 23.84
Technical Analysis:
Recent Correction: Experienced a 13% correction this month.
Recovery: Bounced back from ₹64.80 to ₹74.80, nearing 61.8% Fibonacci retracement.
Bollinger Bands: Currently trading below the middle Bollinger Band, indicating potential for slight correction.
Trading Strategy:
Enter Price Range: ₹67 - ₹70
Stop-loss Range: ₹60 - ₹62
Target Price Range: ₹73 - ₹75
Disclaimer:
This analysis is for educational purposes only and not financial advice. Investing involves risks, and past performance is not indicative of future results. It is essential to conduct thorough research or consult with a financial advisor before making any investment decisions. The suggested entry, stop-loss, and target prices are based on technical analysis and market conditions, subject to change.