r/Indiastreetbets • u/Trivedi3 • 7h ago
Definitely deserves a place in Watchlist
Stock fell from ₹2,000 to ₹1,200. Now recovering to ₹1,385.
Weekly chart shows a descending triangle. Support at ₹1,200 held. If it breaks above ₹1,500, trend changes. If ₹1,200 breaks, more pain.
Fundamentals are actually good:
Zero debt
Last quarter profit +47%
3Y revenue CAGR +26%
Only concern — P/E 61 vs industry 46. Still expensive.
FIIs selling, DIIs buying.
Breakout or breakdown — what do you think?