Federal-Mogul Goetze India - Demand at 200 and Supply at 360

Context - Dropped 65% to 200 in 2022 after 20x Up to 600 in 2019

In June'21 supply emerged at 360
Move up to 330, once demand appeared at 200 in Dec'21

Plan -
to Purchase Breakout above 360
or, rejection indicators below 260

PB 2x; PE 29x; ROCE 9%

Trade aktif:

Federal-Mogul Goetze India

Updated Analysis - Remains with the 260-360 with red candle in last month

Therefore, Plan ahead remains the same
to Purchase Breakout above 360
or, rejection indicators near 260