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MAHARASHTRA SCOOTERS LTD
Long

Inverse Head & Shoulder Breakout - MAHSCOOTER

92
Technical Analysis:

  • Current Price: ₹13,755
  • Target: ₹18,000 (significant potential upside)
  • Bullish Patterns: Inverse Head and Shoulder breakout confirmation or Cup & Handle pattern formation/breakout (chart needed to confirm which is more dominant and the status of the breakout).
  • Time Frame: 1 to 3 months.


Updated Fundamental Considerations:
  • High P/E (91.6): Suggests premium valuation, implying high growth expectations.
  • Positive EPS Growth (YoY): EPS ₹188 vs. ₹174 indicates positive earnings growth over the past year.
  • Strong Latest Quarter EPS (₹45.2): Significantly higher than the previous quarter, signaling a potential positive shift in profitability.
  • Industry P/E (21.6): Highlights the substantial premium the market is placing on MAHSCOOTER compared to its peers.
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Head and Shouldersheadandshouldersformation
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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.