History is repeating itself if you look at the chart:
It consolidated throughout in 2021 and then started moving up around the later half of 2022.
The same happened in 2023 where it consolidated and now in the later half of 2024, it’s moving up and all set to give a breakout.
Another reason is the current PE. It used to trade above 100 before 2021 but came down below 60 when the price went below 500 and the profits kept increasing.
Now that company has done so much capex and has promised to double the revenue every three years, the PE will shot up again above 100.
But, this is all my understanding and I am not influencing anyone to make any decision.
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