Gravita has formed bullish BAT pattern

🪐 Gravita India has formed a bullish BAT pattern, indicating a potential trend reversal or rally.

🪐 The stock has also formed a triangle consolidation pattern, currently holding near strong support around ₹1670.

🪐 A breakout above the triangle pattern could lead to significant upside momentum and attractive returns.

🪐 Technical indicators like moving averages and oscillators show positive signals supporting a possible breakout.

🪐 On the fundamental side, Gravita India demonstrates strong growth potential with a return on equity of around 20%.

🪐 The company maintains low debt levels and healthy operational margins.

🪐 It is investing aggressively in expanding recycling and battery manufacturing capacities.

🪐 Gravita is well-positioned in the sustainable materials sector, aligning with long-term industry trends.

🪐 Although the stock is currently trading at a premium valuation, strong fundamentals support potential long-term growth.

🪐 Overall, the combination of technical patterns and sound business fundamentals make Gravita an interesting stock to watch for a breakout opportunity.