After listing stock showed some losses to its shareholder in initial period. But after making its low @271 stock price double in nine months. After making its all time high stock price retrace approx 40% nicely to its support area . Looks like stock has completed its correction and shifting its pattern ‘lower low lower high to higher high higher low’. Equity Analytics looking for minimum 22% to 25% price appreciation in short term.
For long term investment we consider this as “MULTIBAGGER“.
This is for educational purpose only. Equity Analytics may be long on the stock from lower level, take action as per your risk understanding.