Price action in Emudhra have formed an Harmonic Pattern after Taking support at 0.786 of Primary Wave. Though iys too early to study chart of EMudhra due lack of Chart History, fundamentally it looks sound to believe that stock should either reverse from here or from 250 levels. Stock it already trading at high PE, but high PE can be justified by its past performance & Steady improvement in margins and i am expecting a good future growth.
Thesis & counter-thesis are welcome!!
Thesis & counter-thesis are welcome!!