Stock has broken out of its resistance trendline connecting the highs during ipo of the stock in 1999 , pattern looks more of like a breakout retest in 12months time frame
Fundamentals of the stock are also good :
# Low debt co # Stock trading at a very low PE ratio of 4.5 # Constant growth year on year , boosting EPS # Promoter holding of 50% # Excellant cash flow , CFO/PAT of 2.3 # Reserves and Assets increasing
π Overall the stock is both fundamentally and technically very strong , looking very good to me for a multi bagger returns in long term , will be buying the stock on every dip as long as its trading above 50rs , no targets in the stock , upside is completly open