This is a beautiful setup which seems ready for a take off.
Accumulate before it flies.
Market Cap ₹ 818 Cr.
Dividend Yield 0.98 %
OPM 5Year 10.3 %
OPM 15.3 %
Pledged percentage 0%
Debt to equity 0.13
Promoter holding 59.5 %
My hunch is the trade is going upside. However in a triangle anything is possible.
The Buy zones are mentioned in blue lines.
The stop loss levels get triggered only once the buy zones are triggered on closing basis of a 5min candle.
***** Risk management is very important. DON'T LOSE MONEY.
TRAIL THE STOPLOSS AS THE PRICE MOVES HIGHER/LOWER.
In both the charts a breakout is being awaited from the min triangle pattern as well as the the long descending trend line.
In both the charts the targets for the inverted Head and Shoulder pattern are still in progress to be achieved.
In both the charts, the breakout will also be a breakout from a Darvas Box.