Descending Triangle pattern informing Sell if close below 16800 for a target of 16000
Supporting Reasons:- 1) Near 52 week High 2) Accumulating at Time High for last 4 months 3) Rising Revenue since last 6 years 4) Rising Profit since last 6 years Year Revenue Profit 2022 1549.1 101.1 2021 1207.1 73.8 2020 1325 86.7 2019 1282.2 77.1 2018 1146.4 64.6 2017 1078.3 49.7 2016 1032.6 37.7 2015 927.5 19.3 5) Available at PE ratio of 33 cheaper than...
All time High Consolidated at near all time high Available at PE ratio of 30 Consistent rising the revenue and profit