Stock touched 2008 highs after 16 years ! Currently its consolidating near 200dma Company is quite confident to do 450+ crs of topline Lets see if we can break 2008 highs ! It can be a huge multibagger in making if that happens
In July, after Q1 results, stock went from 55 to 80+ in a matter of time. Well why not ? company had posted 300 crs PAT but then Q2 results were looking bad on Q on Q comparison. Right now stock is in consolidation, let it settle !
I came across this pattern of gap up and cool off and $NVAX is a perfect example. It is now more than 30x since its low in March, Always keep an eye on gap up stocks, you might find your next $NVAX. Cheers !
Hey Roger, the chart is telling a story. It says there are people who believes the company, they are holding the price and which is forming a pattern that provides a great risk and reward. You might want to buy it and play along with them. But you must remember that are triggers like 5G and government's focus on digitization which might create momentum well before...