The stock stayed resilient during the bear run and did not fall much . It consolidated strongly during that phase and formed a cup and handle pattern of which the company has given a breakout . The stock is high on momentum and can give steady returns . However it can give a quick retest till 1876 - 1859 can be a crucial support range but nevertheless the company is solid and has absolutely amazing fundamentals.
Profits , sales , reserves , eps all are at the lifetime high for the company . ROCE and ROE stands at 23% ad 18% .
The firm has negligible debt but high PE .
Target - 2392 1-2 months
Support- 1859
Profits , sales , reserves , eps all are at the lifetime high for the company . ROCE and ROE stands at 23% ad 18% .
The firm has negligible debt but high PE .
Target - 2392 1-2 months
Support- 1859
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.