📊 Setup Overview:
Entry: Above ₹828.75
Stop Loss: ₹670
Target: ₹1030 (Positional)
RR: 1:1.2 (📌 Close to 20% risk, so trade light!)
📈 Technical Highlights:
Bouncing off 30DMA & 50DMA, forming a wide-range candle with strong volumes.
RSI looks bullish.
ATH Resistance: ₹833.5 🚧 — if broken with volume, add more and trail your SL!
💡 Fundamentals:
ROCE: 42.1% | ROE: 41.9% ✅
Market Cap: ₹5153 Cr
PE: 129 😬 vs Sector PE ~32. (Expensive, but growth potential seems priced in.)
Trend: Trading against the trend, so position sizing and risk management are key! 🚨
🛑 Disclaimer:
This is not investment advice. Risk management is crucial, especially when trading counter-trend setups. 🚩
💡 Quick Take:
With a W-pattern breakout, bullish RSI, and strong volume, this setup has potential. But the high PE ratio makes it an expensive bet. Sector comparison suggests caution, so treat this as a high-risk, high-reward trade! 🚀
Entry: Above ₹828.75
Stop Loss: ₹670
Target: ₹1030 (Positional)
RR: 1:1.2 (📌 Close to 20% risk, so trade light!)
📈 Technical Highlights:
Bouncing off 30DMA & 50DMA, forming a wide-range candle with strong volumes.
RSI looks bullish.
ATH Resistance: ₹833.5 🚧 — if broken with volume, add more and trail your SL!
💡 Fundamentals:
ROCE: 42.1% | ROE: 41.9% ✅
Market Cap: ₹5153 Cr
PE: 129 😬 vs Sector PE ~32. (Expensive, but growth potential seems priced in.)
Trend: Trading against the trend, so position sizing and risk management are key! 🚨
🛑 Disclaimer:
This is not investment advice. Risk management is crucial, especially when trading counter-trend setups. 🚩
💡 Quick Take:
With a W-pattern breakout, bullish RSI, and strong volume, this setup has potential. But the high PE ratio makes it an expensive bet. Sector comparison suggests caution, so treat this as a high-risk, high-reward trade! 🚀
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.