Biggest infrastructure company in the country.
Decent dividend yield.
Plenty of status quo projects because of covid to be expedited before 2024 elections.
Huge cash in books to be utilized for future growth, organic and inorganic.
No debt, honest management
A classic pattern for a quick margin trade with upside for 2200 next 3 quarters.
The stock has broken out and took support at the previously upper trendline. Trade is supported by brokerage calls, 200 EMA, and Supports Nearby.
The stock has previously broken out with good volumes and retested the upper trendline, the point of entry.
Risk Reward Ratio - 1:1.
SL is placed below multiple major support zones, 200 EMA, and previously upper & lower...
LT has broke out of its all time high in the last week. Now the previous resistance is being tested. If the stocks fails to break the support, we can expect a 1:3 trade with stop loss 1470.
Sharing this for educational purposes only
HERE WE CAN SEE PRICE IS IN UPTREND AND AFTR BREAKOUT OF OF DOUBLE BOTTO IT IS RETESTING NECKLINE OF DOUBLE BOTTOM
IF IT WILL BREAK ABOVE THE UPPER TRENDLNE OF FLAGWE CAN ENTRE
OR IF U WANT TO CAUGHT MOUMENTUM YOU WILL ENTRE AT BREAK OF HIGH/14 JUNE HIGH FOR SAFE AND SL IS SWING LOW OR FLAG LOW