Consolidating in expanding channel pattern since 2009. Is finally giving breakout after more than 1 decade. Fundamentally strong company and giving technical breakout. The risk: reward is very favourable of 4:1. This is a mid-term trade with approx. 9-10 months but can deliver 100% from current market price.
The are good number of support and resistance points...
This is one of the fundamentally strong company with consistent good returns.
The price is near the 2018 high and facing little resistance. With perfect risk: reward it can deliver minimum 25% returns in very short time. The price can move like Tata motors did.
Consolidation since Feb 2021 in parallel channel and ultimately breaking out soon depending upon the volume.
Can enter 4h/daily close above 60,500. and hold it till December 2021. Can 2x easily.
Buy the dips on the way as much as possible.