Price is consolidating after breaking out of the triangle pattern.
RSI is showing strong bullish divergence.
Its technical target is 510+
Good to accumulate for an upside of 54-55% in medium term.
Stop loss should be below 312 (Optional) which makes this 10:1 R:R setup.
It has a strong potential to cross 600 in long term (almost 82% upside in about a year)
Fundamentally sound and debt is bit high due to new waste to energy project with a capex of 250 crores. This can definitely boost their profit margins.
Do your own due diligence before taking any action.
Peace!!
RSI is showing strong bullish divergence.
Its technical target is 510+
Good to accumulate for an upside of 54-55% in medium term.
Stop loss should be below 312 (Optional) which makes this 10:1 R:R setup.
It has a strong potential to cross 600 in long term (almost 82% upside in about a year)
Fundamentally sound and debt is bit high due to new waste to energy project with a capex of 250 crores. This can definitely boost their profit margins.
Do your own due diligence before taking any action.
Peace!!