Entry:
Enter long now or on a confirmed close above ₹2,970 (breakout of structure level).
Target
T1: ₹3,100 - Short-term momentum & minor resistance [Risk-Reward 0.6]
T2: ₹3,250 - Swing projection from base (₹2,600–₹2,970 range) [Risk-Reward 1.2]
T3: ₹3,481 - Marked resistance/target zone on chart [Risk-Reward 2.0]
Tight SL
*₹2,870 - Just below breakout candle
Safe SL
*₹2,600 - Below FVG & primary support zone
Bullish Confirmation Checklist:
✅ Price above 20-day EMA (visually it appears to be trending higher).
✅ Strong bullish candles from support zone.
✅ Structure breakout is almost confirmed, but proper closure is still pending.
Technical & Valuation Metrics
Disclaimer: lnkd.in/gJJDnvn2
Enter long now or on a confirmed close above ₹2,970 (breakout of structure level).
Target
T1: ₹3,100 - Short-term momentum & minor resistance [Risk-Reward 0.6]
T2: ₹3,250 - Swing projection from base (₹2,600–₹2,970 range) [Risk-Reward 1.2]
T3: ₹3,481 - Marked resistance/target zone on chart [Risk-Reward 2.0]
Tight SL
*₹2,870 - Just below breakout candle
Safe SL
*₹2,600 - Below FVG & primary support zone
Bullish Confirmation Checklist:
✅ Price above 20-day EMA (visually it appears to be trending higher).
✅ Strong bullish candles from support zone.
✅ Structure breakout is almost confirmed, but proper closure is still pending.
Technical & Valuation Metrics
- P/E Ratio: 70.14, significantly higher than the sector average of 26.18
- P/B Ratio: 8.35
- Dividend Yield: 0.12%
- 52-Week Range: ₹2,407.10 – ₹4,810.80
- Intrinsic Value Estimate: Approximately ₹2,215.11, suggesting the stock is trading at a 33% premium
Disclaimer: lnkd.in/gJJDnvn2
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.