i have marked the time of corona crash(2019), with a circle, this stock had not broken its support during a crash too, that means its a stable stock. it has a good fundamentals, due to heavy corrections from past year, this stock had corrected a lot. i have drawn a 5 wave pattern, and this stock will now stock its bull rally, as markets for large caps have corrected, and now its time for mid and small caps to get its bull run. (link provided below). the stock has corrected till its IPO PRICE(when it touched its bottom). this stock has a good future, invest for long term
@impossibleBoa48295, yes, you are right of pointing my correction, basically after the covis situation, the business is not able to generate profits, big thing to notice is that company has not yet earned major profits(this year), it is facing losses just after such situation. i dont know why technically, but before covid, company was earning good amount of profits with a good increasing rate. on top of that if you check the operating margin, you will find it has decreased a lot,m so why such thing happen technically i dont know, but basically due to that reason itself, the stock's other fundamentals have become weak. if this company, competes with the problem which they are facing then, it could act as a multibagger.
raghavchoudhary2016
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@raghavchoudhary2016, adding on brother, just think why was the company did not face any problem before covid arised, so due to some situation during covid, this company faced some issue, and yet they have not solved it, plus there debtors days and other fundamentals have gone weak, so if company solves the issue, no doubt it will come to its original position through technical, and chart analysis, i have marked out the bottom. hope you got your doubt clear, give me a like if you got it cleared.