Fundamental Analysis: 1) Segment - Zinc- lead mining and smelting 2) PE -11.1 3) Debt to Equity - 0.08(Promoter pledged 85% of share) 4) ROE -28 5) Sales Doubles in last three years
Trend: unable to close( monthly TF) above the previous swing high ( lot of rejection) Rejection from level of 1.236 level of FIB.
Two possibility from this level
option 1: Since it took a support from trend line , It can move higher from this level Stop loss- 245 Target -415
Option 2: It make break the trend line and move downward Target -218(0.5 level of Fib)