As of 15th September,2023 the stock is currently at Rs 94.55 - Rs 95 levels with potential breakout possibilities due to macroeconomics and other reasons.
The stock seems to be in buy zone around the price range 95 to 100,102.
With a strong resistance around the price of 85 - 86 levels which can be considered as an avg down opportunity.
Also, another resistance can be formed at the price level of 75 - 76 which can be treated as a Stoploss.
Breakout possibility can occur once the stock surpasses the channel of 105 - 110 price range.
With First Target around 125 - 127 price levels
and Second Target around 130 - 145 price levels.
In a time frame of 3 to 6 months.
Caution: This is not a stock trading Advice or Tip, it's just for learning purposes I am not a professional trader or a SEBI registered advisor. Please don't consider this as an advice and make your own analysis before investing.
Thankyou!
The stock seems to be in buy zone around the price range 95 to 100,102.
With a strong resistance around the price of 85 - 86 levels which can be considered as an avg down opportunity.
Also, another resistance can be formed at the price level of 75 - 76 which can be treated as a Stoploss.
Breakout possibility can occur once the stock surpasses the channel of 105 - 110 price range.
With First Target around 125 - 127 price levels
and Second Target around 130 - 145 price levels.
In a time frame of 3 to 6 months.
Caution: This is not a stock trading Advice or Tip, it's just for learning purposes I am not a professional trader or a SEBI registered advisor. Please don't consider this as an advice and make your own analysis before investing.
Thankyou!
Comment:
As of 6-11-2023 The stock currently seems to be in downward averaging zone... the theory still persists and stock has also given great results which can lead to a bull run soon
Comment:
After the RBI Guideline on 17th Nov,2023 the stock corrected by 3 to 4 percent but I'm still bullish on the script and might downward average it if it falls more
Comment:
Still Bullish on the Stock and have downward averaged it in my portfolio after falling for a bit now the stock seems consolidating... good time to buy more or average