Monthly RSI- 60
Weekly RSI- 60
Daily RSI- 40
A strong breakout from a multi year channel. The price has come to the multi year resistance level which will most probably now act as a support forming a higher high, higher lows structure. As Bank Nifty recovers this stock will see new highs.
Target1- 420
Target2- 450
Time: 3-4 months(target can be achieved early too)
Attractive valuation, strong fundamentals, Low RSI, Fibonacci support level, 100 days moving average support level.
Perfect time to start accumulating the stock for long term.
There has been a big correction in the stock due to the company's decision of expanding the business with help of borrowings, and the stock is at almost 20% down from its all time high. This stock will not be giving much returns in short term as you will definitely see the borrowings increasing in the earnings report. But as time passes those borrowings used will...
Taking a good support at 1660 level (pre corona high), attractive RSI, Volume of sellers getting absorbed, consolidating in triangle pattern. It is all set to show a big move. With strong fundamentals this stock is a must add to ur long term portfolio.
With an ROCE of 40.84% for past five years. This is surely a safe and sound investment opportunity for people who believe in long term capital gains. With low RSI and stock trending near the trendline and 100 days moving average it is a sure pick for people who want to invest for long term. Start accumulation and buy more when it falls.
Will not give a target as...
