"Change is growth"🧬 PROTEAN – Value Emerging Around ₹800?
📉 Technical View:
Price nearing strong trendline support + forming potential bottoming structure on daily chart.
MACD histogram showing early strength with RSI reversing from oversold.
DMI + OBV starting to flatten, indicating possible reversal zone.
Weekly breakout may trigger near ₹850–880. Good accumulation zone if sustained above ₹790.
📊 Fundamental Highlights:
High-margin digital infrastructure play in governance, tax platforms & digital lockers.
Lean balance sheet with zero debt, consistent RoE ~20%, and good OPM >30%.
Strong promoter backing and niche monopoly-like offerings in IndiaStack.
📌 Note: Accumulation can begin with strict stop below ₹765 on closing basis. Momentum possible if base confirms.
📝 Note: Please do your own due diligence. This is not a recommendation, just a view based on charts and fundamentals.
🧠 Disclaimer: For educational and research purposes only. No buy/sell advice.
📝 Chart Purpose & Disclaimer:
This chart is shared purely for educational and personal tracking purposes. I use this space to record my views and improve decision-making over time.
Investment Style:
All stocks posted are for long-term investment or minimum positional trades only. No intraday or speculative trades are intended.
⚠️ Disclaimer:
I am not a SEBI registered advisor. These are not buy/sell recommendations. Please consult a qualified financial advisor before taking any investment decision. I do not take responsibility for any profit or loss incurred based on this content.
