1. Price crossed above 20 SMA on daily and weekly chart 2. ABCD pattern under formation on weekly chart
Company is almost debt free. Company has a good return on equity (ROE) track record: 3 Years ROE 21.0% Company has been maintaining a healthy dividend payout of 24.9%
Lets See how it evolves
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
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