Thanks for the fundamental update. As you mentioned, stock price convincingly crossed its major resistance at 121-22 today and closed at 127.
Regarding risk reward, I think one has to keep appropriate stop losses and follow the trade set up, keeping an eye on the possible targets. For me EIL remains more of a technical position and hence I keep the trading plan in place and trail stop losses. Anyone contemplating investment should do their own research and take a call. The post does not mention any buy or sell recommendation.
Two important aspects I considered at the time of entry were price pattern on charts and initial signs of sectoral fancy in PSE companies at that time.
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