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.
MAHSCOOTER trade ideas
MAHSCOOTER - Price at Ascending channel support zone - SwingThe above analysis is done purely on basis of Price Action & Chart Patterns.
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
The stock is backed by good fundamentals. Upmove has been well supported by Volume.
Trade setup is given in chart itself.
The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management.
Feel Free to comment for any query or suggestion regarding this stock or Price Action Analysis.
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