This stock is trading with steady volumes on the bourses in all time frames for last 18 months.
It shows positive divergence on oscillators.
The 52W H/L is INR 586.35 / 412.20.
It has now entered the demand zone in all major time frames.
It is trying to build the support at current levels in the past 4 trading sessions.
LTP on NSE on 09/Feb/2024 was INR 482/- (with a high of INR 484/-)
Although it has entered the demand zone in all time frames, still conservatively I will buy even at a dip to Rs.450/-
Resultantly after all this discussion, I believe that the target price should be INR 620-650.
Stop Loss should be INR 412
Risk to Reward will be 1:5
The time horizon should be 6-9 months
It shows positive divergence on oscillators.
The 52W H/L is INR 586.35 / 412.20.
It has now entered the demand zone in all major time frames.
It is trying to build the support at current levels in the past 4 trading sessions.
LTP on NSE on 09/Feb/2024 was INR 482/- (with a high of INR 484/-)
Although it has entered the demand zone in all time frames, still conservatively I will buy even at a dip to Rs.450/-
Resultantly after all this discussion, I believe that the target price should be INR 620-650.
Stop Loss should be INR 412
Risk to Reward will be 1:5
The time horizon should be 6-9 months
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.