Bullish for short term - 1-2 weeks
It will take support of 138, one can add at current level of 146, add more at 138, can sell once it touches 162, it will come back to trace at 146, there can add again, then can wait for 180+ levels. RSI Levels are good, not over brought not oversold.
Keep trailing stop loss as per support trendline, recommended - 124
First Target – 162
Second Target – 180+
Company Fundamentals are good, Good ROCE, ROE, Sales growth 5yrs and 3yrs.
Only negative point is small percentage of shares are pledged but nothing to worry.
Keep trailing stop loss as per support trendline, recommended - 124
First Target – 162
Second Target – 180+
Company Fundamentals are good, Good ROCE, ROE, Sales growth 5yrs and 3yrs.
Only negative point is small percentage of shares are pledged but nothing to worry.
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