The Stock broke out of a Multi Year Resistance with a very good and Rounding Bottom Formation on charts. The Stock retraced back to test its breakout level and is ready to bounce back. There is a continuous good seen in the stock. The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA. The is at perfect levels. There is a clear positive crossover of Line on . All technical Indicators are indicating strong buy.
The Company is fundamentally very sound. The company is debt free and has a strong enabling it to report stable growth in future.
Don't Miss to add above 150 levels for Targets of 180-200 with SL at 135.
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