Fundamentals, 1. Operating Profit are improving 2. Piotroski score 9 3. Net profit TTM is high in Industry 4. Stock with Low PE Technical 1. Tweezer Bottom 2. Price action supportes by previous resistance & 200 ema 3. Price structure - Consolidation (basing), trend reversal 4. Momentum is expected Entry : 565 (50%) , 595 ( 50%) SL: 540
Last 2 weeks, we saw a pullback in the market. There was a formation of twizzer bottom, followed by a hammer. It indicated strong buying. We could see this rally up to 16800, it is critical resistance. This is a short term upside opportunity
CESC - 26.03.2022 CMP - 77.45 TARGET- 82,88,95 ; SL - 69.5 TWIZZER BOTTOM formation at support level in Weekly time frame, Increasing Volume Disclaimer - For Education Purpose