10% upside in 2-3 weeks and then 1.5x in 1.5 to 2 years

21 thg 4

Opinion
10% upside (Rs.5955) in 2 weeks and then next target is Rs.8650 in 1.5 to 2 years

CMP - Rs. 5232.10

Short Term Entry
Buy when green candle closes above 5255.

Long Term Entry
Buy when green candle (G1) closes above 5828 and next candle closes above G1 candle

Setup Fail
If Price falls below 5125 then setup fails and strategy to be revised

Basis of Opinion
# Reason for Fall from 5955 to 5232
1. Bad market condition in foreign market & war like situation in Israel and Iran
2. Top 5 company in industry have fallen from past few weeks

# Reason for Rise from 5232
1. Expected good results on 25th April 2024
2. Round bottom pattern from 2986 to 5828 so after 5828 breakout it may try to reach target at approx. 8650 in 1.5 to 2 years
3. Stong fundamental (ROCE>35%, Debt to Equit=0.10, Consistent sales growth)

Caution
1. Indian Election Results may affect the whole market
2. American and European market slow down may affect the stock price (major revenue source)

1 thg 5

Đóng lệnh: dừng lỗ

Price falls below 5125