Price bounced at key support zone highlighted in green and RSI is showing strong bullish divergence on both daily & weekly TF.
A greater degree wave 3 has started.
Good to buy at CMP for the following targets:
Short term swing target @ 670 (40% ROI)
Medium term positional target @ 940 (96% ROI)
Long term positional target @ 1075 (125% ROI)
Fundamentally, it is highly undervalued with strong sales growth and great financing margin.
Net profit has increased 7 times in last 4 years.
In the last 5 quarters, institutions have increased their shareholdings by 63% from 18.09% to 29.55%.
Do your own due diligence before taking any action.
Peace!!
A greater degree wave 3 has started.
Good to buy at CMP for the following targets:
Short term swing target @ 670 (40% ROI)
Medium term positional target @ 940 (96% ROI)
Long term positional target @ 1075 (125% ROI)
Fundamentally, it is highly undervalued with strong sales growth and great financing margin.
Net profit has increased 7 times in last 4 years.
In the last 5 quarters, institutions have increased their shareholdings by 63% from 18.09% to 29.55%.
Do your own due diligence before taking any action.
Peace!!