The stock has experienced a decline of over 40% from its all-time high (ATH) and is currently trading below its 200-day moving average (MA).
It is exhibiting a consistent trading pattern within a range of 1385 to 1685, which constitutes a 20% range. The stock has found support at multiple points within this range and has made three such movements from 1385 to 1685 in the past three years.
Seems like W pattern is also getting formed.
From a fundamental perspective, the company is reporting its highest-ever revenue and profit figures, and it has a promising expansion plan in place as well.