Inverse Head & Shoulder Breakout - MAHSCOOTERTechnical Analysis:
Current Price: ₹13,755
Target: ₹18,000 (significant potential upside)
Bullish Patterns: Inverse Head and Shoulder breakout confirmation or Cup & Handle pattern formation/breakout (chart needed to confirm which is more dominant and the status of the breakout).
Time Frame: 1 to 3 months.
Updated Fundamental Considerations:
High P/E (91.6): Suggests premium valuation, implying high growth expectations.
Positive EPS Growth (YoY): EPS ₹188 vs. ₹174 indicates positive earnings growth over the past year.
Strong Latest Quarter EPS (₹45.2): Significantly higher than the previous quarter, signaling a potential positive shift in profitability.
Industry P/E (21.6): Highlights the substantial premium the market is placing on MAHSCOOTER compared to its peers.
