If close above this channel on 1 day time frame it can retest and make new highs
Targets 3478 and 3997 as the 3rd Wave arrives Good Fundamentals: High Management Efficiency with a high ROE of 22.80% Company has a low Debt to Equity ratio (avg) at -0.79 times With a growth in Net Profit of 161.04%, the company declared Very Positive results in Mar 21 The company has declared positive results for the last 2 consecutive quartersPBT LESS OI(Q) At...
RSI BEARISH DIVERGENCE WEEKLY TRENDLINE RESISTANCE
stock has given breakout of rounding bottom formation. but volumes are not coming and last bull candle showing price rejection from upper side. but pharma companies are showing bullish move is coming.
Retesting at demand zone also bullish divergence
Easy 2:1 RR ratio. Everything explained in the chart. Cheers :D (Honestly I have never heard this stock before :). But I really love the price action <3)
after great earning stock look good to go long here . But little risky to buy now because overall market looks weak . if you can take risk then good stock to go long .
Bounced from support which was previous resistance. RSI bouncing from 40 zones Closed above previous resistance.
BREAKOUT RETESTED . CAN HIT 2990/3150 IN COMING DAYS . ADD AROUND 2880-2900 ZONE
The above analysis is done purely on basis of Price Action & Chart Patterns. The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets Logic, Entry range, SL and Targets are shown in image itself. The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade....
Statistical Brief Market Cap₹ 21,793 Cr. Current Price₹ 2,615 High / Low₹ 2,690 / 1,305 Debt to equity0.00 EPS₹ 28.9 ROCE32.1 % ROE22.2 % ROE 3Yr22.7 % ROE 5Yr24.6 % Return over 1year86.5 % Return over 3years44.0 % Return over...
Flag Pattern Right at the support Rounding bottom