Technical View (Monthly)
- Long-term trend bullish, currently in a healthy correction
- 0.618 Fibonacci support: ₹3,900–4,100 → key demand zone
- Resistance: ₹4,900–5,000 (must cross for fresh uptrend)
- Trend damage only if: Monthly close below ₹3,800
- Expect sideways consolidation before the next big move
Fundamental View
- Strong retail brands, aggressive store expansion
- Earnings growth is strong, but the valuation was stretched
- Current correction = valuation & time adjustment, not business issue
Future Growth Outlook
- Positive long-term drivers: consumption growth + scale benefits
- Near-term returns may stay muted; 3–5 year story intact
Actionable Summary
Investors: Accumulate near ₹4,000 with patience
Traders: Bullish only above ₹5,000
Risk: Breakdown below ₹3,800
Verdict: High-quality stock in correction phase, not a trend reversal.
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This content is shared strictly for educational and informational purposes.
We are not SEBI-registered investment advisors or analysts.
The views expressed are personal opinions, based on publicly available data and market observations.
Please consult a SEBI-registered investment advisor before taking any investment or trading decisions.
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Trade Secrets By Pratik
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Prattik Lodha
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.
Prattik Lodha
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.
