Had shared the same at 60 level also and I have been accumulating this gem for a long term gains.
The following reasons
First - Technically the stock had consolidated in the zone of support and has also been able to sustain the break out momentum
Secondly- the overall improvement in the fundamentals of the stock in terms of governance and expansion- new store and warehouse facilities at Guwahati and also at Chandigarh. Fleet expansion
Thirdly- the stock is being accumulated both by the promoters and also by FII for last few months
Fourthly - After the breakout the stock has sustained the crucial levels of support at 68 / 70. This further affirms the commitment of the bulls to take the prices higher.
The following reasons
First - Technically the stock had consolidated in the zone of support and has also been able to sustain the break out momentum
Secondly- the overall improvement in the fundamentals of the stock in terms of governance and expansion- new store and warehouse facilities at Guwahati and also at Chandigarh. Fleet expansion
Thirdly- the stock is being accumulated both by the promoters and also by FII for last few months
Fourthly - After the breakout the stock has sustained the crucial levels of support at 68 / 70. This further affirms the commitment of the bulls to take the prices higher.
