The Higher Time frames look solid. Multi-year Breakout Contender. On the Lower Time frame an inverted Head and Shoulder was spotted. A breakout happened and followed it up with a retest. Stock is moving in a Rising Wedge. I expect an upward rally from here on to the top end of the wedge.
Price has successfully broken out. A follow-through day is essential. This chart is for educational purposes only. Please contact your financial advisor, as this is not a buy-or-sell recommendation
Market Cap ₹ 1,245 Cr. Stock P/E 17 Industry PE 38 Dividend Yield 4.11 % ROCE 28 % ROCE3yr avg 22.4 % ROE 20.8 % Face Value ₹ 10 Promoter holding 68.3 % OPM 35.8 % OPM 5Year 35.6 % Pledged percentage 0.00 %
MPS LTD is near its ATH and can continue on this path. one can buy at cmp and can average on the lower prices.