The stock is in an oversold state, can take move towards 1800.
On break out of this triangle the stock can move towards higher levels.
a symmetrical triangle ca deform the shape, or can trade for leng period.
(why i am laughing that you must take the following hypothesis lightly)
still we can have an idea like this... it says by end of September we can see that price.
forgot to edit the message Box ...hee
Book Value: ₹ 534.10
Stock P/E: 22
Dividend Yield: 0.65%
52 Week High/Low: ₹ 1,970.00 / ₹ 1,165.35
Return on capital employed: 20.06%
EPS: ₹ 70.62
Expected quarterly EPS: ₹ 25.32
The above Data “Specially the EXPECTED QUARTER EPS 25” looks very attractive, with other fundamentals
are in line with a strong bullish scenario. I am damn serious about my findings and analysis.
But as an investor, there is no problem, you ask a 100 questions before you enter in to a scrips I suggested.
Welcome you for that. Ok. Now what if you entry is gone wrong. You must always have a contingency plan to protect your money
and follow accordingly. Means on break below the Bottom trend Line, one can exit. But in this case, if am investing in it,
it is a good company, so I will take that opportunity to add more on dip.
But a laggard like BINNY or any other cheap stock you cannot adopt that approach.
What is the SL if I buy at current price or you want me to wait untill it cross the 1540
Not able to give trade advice and not available on line every time.
so you have to take decision with a contingency plan, in trade to protect your money.
The rule for making money in the market is to limit your LOSS and explore maximum profit.
This is considered a long term investment for a higher target. unlike the investment, in F&O we have
all the GREEKS and time constrain. I have given a very tight SL
which is just a thump rule requisite and not intended to be strictly accurate or reliable for every situation.
How ever it shows a more reliable Trend line support, which acting as a support now.
The stop now is 1510, below that price it is bearish.