It's a range bound trading strategy.
Stock has been trading in this range since last 8 years. During this 8 years, Fixed assets have grown up from 68 Cr to 351 Cr. Reserves have gone up from 299 Cr to 867 Cr. But stock is still trading at bottom level of 830.
Stock is below 200 MA which is a good sign of saying not overvalued at this point.
As shown in the diagram, range is of 40%. Target - 1183
Stock has been trading in this range since last 8 years. During this 8 years, Fixed assets have grown up from 68 Cr to 351 Cr. Reserves have gone up from 299 Cr to 867 Cr. But stock is still trading at bottom level of 830.
Stock is below 200 MA which is a good sign of saying not overvalued at this point.
As shown in the diagram, range is of 40%. Target - 1183