The price is moving inside an ascending channel.
Today price has bounced at the trendline support above median line of the channel.
If price sustains above median line in near term then chances are highly likely to achieve 5X target around 7500 level in 2 years max.
Fundamentally it is highly undervalued.
FIIs & DIIs have decreased whereas promoters have increased their shareholdings.
After about two years of underperformance, IT index is poised for a massive upside.
Do your own due diligence before taking any action.
Peace!!
Today price has bounced at the trendline support above median line of the channel.
If price sustains above median line in near term then chances are highly likely to achieve 5X target around 7500 level in 2 years max.
Fundamentally it is highly undervalued.
FIIs & DIIs have decreased whereas promoters have increased their shareholdings.
After about two years of underperformance, IT index is poised for a massive upside.
Do your own due diligence before taking any action.
Peace!!
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