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Can it again go back to its ATH levels ?
Well ,the company has some chequered past and it also seems to be a partially holding company . Its own EPC busines has long runway ahead but cash-flows in the past have been bit questionable !
On charts, it is at key resistance level, near 1500 - as market by purple line .
If it is able to cross and close above that we might see a good appreciation in the price.
It ticks well on all other indicators e.g. RSI, MACD etc. Volume is yet to pick up - let’s see whether that happens in this week.
Let’s see whether it progresses well in S2 after crossing the trading-range that has upper level of 1500.
Disclaimer :This post is just a for learning a method. No buy/sell recommendations. These are probability study methods and chances of success depend upon various factors.
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