Price moves away from value area, so buyer has chances to move price further move up.
Stock reported good sales & PAT surprise. Volume and Price validated - positive sign RR - is good for W timeframe
Fundamentally strong & No supply or not impacting for broader market condition. Technically shows very strong uptrend, value is pausing now. CMP is low risk and high reward opportunity for investment. . . . . . . . . View are educational purpose not buy/sell advice.
Unique in technology, fast growing company. Price action tells this stock going to rocking.
Divergence & break out opportunity in this stock, potential to give good break out opportunity.
* One of the industry leader * Fundamentally good one * Technically good position
My view on this, 1) Textile industry is hot 2) Almost debt free stock & fundamental is strong enough 3) Outperforming all market condition 4) Best while comparing with peer companies 5) Channel break out