Fundamentals
Expensive stock. Hold if already invested.
Technicals
CMP - 2725
Bullish - Above EMA 9, 21,63, 200 on daily charts , RSI(14) is 70
Commentary
As seen in the charts , the stock has been trading in the parallel channel since 2016, except in the recent months where the stock went through the 1:10 split, during which time, it crossed the parallel channel and reached its All time high levels of 2769.
Since the split and given the economic condition, this scrip is a defensive stock and expected to remain resilient. However, given its historical high valuation, its a very risky "NEW" trade.
View :
T1 : Swing above ATH to 2800-2850 levels
T2 : Once it crosses its ATH, hold for swing to 3000
T3 : 3200
Disclosure 1 - Invested
Disclosure 2 - Not SEBI Registered
Disclosure 3 - This is Not investment advice. Treat it as educational
Expensive stock. Hold if already invested.
Technicals
CMP - 2725
Bullish - Above EMA 9, 21,63, 200 on daily charts , RSI(14) is 70
Commentary
As seen in the charts , the stock has been trading in the parallel channel since 2016, except in the recent months where the stock went through the 1:10 split, during which time, it crossed the parallel channel and reached its All time high levels of 2769.
Since the split and given the economic condition, this scrip is a defensive stock and expected to remain resilient. However, given its historical high valuation, its a very risky "NEW" trade.
View :
T1 : Swing above ATH to 2800-2850 levels
T2 : Once it crosses its ATH, hold for swing to 3000
T3 : 3200
Disclosure 1 - Invested
Disclosure 2 - Not SEBI Registered
Disclosure 3 - This is Not investment advice. Treat it as educational
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.
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.