TAJGVK - 18 years of Resistance breakout

2월 5일

The stock's price moves above a eighteen years resistance level. Bullish signal generated with Cup & Handle neckline breakout, which supported by increasing volume. Wait for price retest to confirm the valid breakout.

MCAP 1936cr | P/E 30.70 | ROCE 21.80% | ROE 18.40% | Promoter Holding 75% | D/E 0.26

Stop Loss below Rs 285; Target 1 Rs 425

Weekly Chart
From past 18 month, the stock is uptrend with higher high & lower low price structure.


Daily Chart
After the short term consolidation, price given a strong volume breakout. The price above key moving average.


Thanks
-aj

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2월 13일

노트

Big move from retest level.