Here on the chart you can observe a few things :
- Previous resistance of almost 20 years became support for the stock.
- It broke previous resistance of 160 after taking sometime & now retesting the same (Concept of polarity)
- Whenever a stock breaks its multi decadal resistance, highly likely that can become a multi-bagger stock!!
- A fundamentally reasonable...
A MEDIUM TO LONG TERM BET.
Important levels to watch here. Pullback till 21 EMA on weekly basis. Closing around here would mean that supply getting absorbed & this should be ready for its upward journey.
- BESS Theme
- Sector has huge tailwind.
- Government & private capex both playing a huge role.
- A Techno - Funda pick for medium to long term with a risk (stoploss) of 7% from CMP i.e., 1766(Open offer price).
- Technically a Stage 2 stock with a double bottom (more likely that this will work)
- With Fed rate cuts RBI likely to cut rates as well, Affordable housing finance companies likely to benefit from rate cuts as it will decrease cost of borrowing...
Polarity of price is happening here, taking support at its previous resistance zone! Price hovering above its keys moving averages. Stage 2 stock. Fundamentally a good stock as well. Can be traded for short to medium term here.
