- The stock appears to be in the accumulation zone.
- The price is currently at a retesting zone.
- 25% of the allocated capital in this first tranche.
- The subsequent tranches can be accumulated as the trend develops.
- The final trench can be accumulated when the stock price breaks out from the breakout zone, at the price range of around Rs 1,110/-
- As always there will be stop loss of max 8%.
Disclaimer: I am not a SEBI registered investment advisor. This is not a buy or sell recommendation, but an analysis of the stock based on my understanding. The discussion is only for educational purpose. The stocks discussed here will be shariah compliant unless otherwise stated.
