The stock has been forming a beautiful cup and handle pattern on the daily time frame moroever since november 2021
It is a strong resistance at the 1710 levels which has been tested thrice as indicated by the green upmarks
It has quite storng bullish momentum which can lead it to the 2500 in no time and quite reliable pattern
The industry PE is around 21 and the stocks PE is 17 which shows favourable valuation also EV/EBIDTA RATIO is 12 which indicates more reliabilty , there has been increase in sales and profits on QOQ basis however on YOY basis it has seen a slight decline also the cashflows are negative which arises serious concern for the company
overall the company is available at a decent valuation and with great pattern which can yield some serious returns
It is a strong resistance at the 1710 levels which has been tested thrice as indicated by the green upmarks
It has quite storng bullish momentum which can lead it to the 2500 in no time and quite reliable pattern
The industry PE is around 21 and the stocks PE is 17 which shows favourable valuation also EV/EBIDTA RATIO is 12 which indicates more reliabilty , there has been increase in sales and profits on QOQ basis however on YOY basis it has seen a slight decline also the cashflows are negative which arises serious concern for the company
overall the company is available at a decent valuation and with great pattern which can yield some serious returns