After overtaking 2020 price level in very 1st week of new year making 52W High in 1st week of the year.
Today, 03Feb, it made another daily close above previous 52W H
It made 3 weeks long reverse-trigger while recovering entire 3 weeks down-move in just 3 days 1-2-3-Feb.
Today's print of 6% comes with volume which is highest compared to any day during previous 10 months.
There's sharp rise in Relative strength, Trending indicator , Positive movement value just setting tone, as if it is a start of rally.
There is a fundamental side event on 11-Feb by quarterly results.
There is a macro side push for the stock with thrust on electrical infrastructure modernization.
All new initiative will require Smart Grid solution which is near monopoly of the company.
Large investment is expected for Smart Grid Applications in distribution in 12th and 13th Plan, which will provide huge business prospects in coming years.
Technically and beyond technical, Stock may get ripe to move to ATH .
Today, 03Feb, it made another daily close above previous 52W H
It made 3 weeks long reverse-trigger while recovering entire 3 weeks down-move in just 3 days 1-2-3-Feb.
Today's print of 6% comes with volume which is highest compared to any day during previous 10 months.
There's sharp rise in Relative strength, Trending indicator , Positive movement value just setting tone, as if it is a start of rally.
There is a fundamental side event on 11-Feb by quarterly results.
There is a macro side push for the stock with thrust on electrical infrastructure modernization.
All new initiative will require Smart Grid solution which is near monopoly of the company.
Large investment is expected for Smart Grid Applications in distribution in 12th and 13th Plan, which will provide huge business prospects in coming years.
Technically and beyond technical, Stock may get ripe to move to ATH .