Meesho Ltd – Fundamental & Technical View

### Meesho Ltd – Fundamental & Technical View **CMP:** ₹205.69 | **Entry:** ₹200 | **SL:** ₹190 | **Target:** ₹250 **Technical View:** Meesho has given a strong breakout above the important **₹200 resistance** on the weekly chart, supported by high volume of around **79.28M**. The stock closed at ₹205.69, indicating buying strength. **RSI near 61** shows positive momentum without being in an extreme overbought zone. The momentum indicator is also rising. ₹200 is now an important support. Sustaining above this level can keep the bullish trend intact. Immediate resistance is around **₹210–215**. A decisive move above this zone may lead to **₹220, ₹230 and eventually ₹250**. **Fundamental View:** Meesho operates in India's growing e-commerce market, particularly targeting value-conscious consumers and Tier-2/Tier-3 cities. Its asset-light marketplace model and focus on affordable products provide potential for continued customer and order growth. Investors should also track revenue, profitability, cash flow and valuation before taking a long-term position. **Festival Season Catalyst:** 🪔 The upcoming festive season could provide an additional positive trigger. Increased online shopping, festive promotions and higher consumer spending may support Meesho's orders and GMV. If festive-season expectations remain strong, the stock could attract further momentum buying. **Trading Plan:** * **Entry:** ₹200–205 * **Stop Loss:** ₹190 * **Target 1:** ₹220 * **Target 2:** ₹230 * **Final Target:** ₹250 * **Risk-Reward:** Around **1:5** At ₹200 entry, ₹250 represents approximately **25% upside**, while ₹190 carries around **5% downside**. **View:** Bullish above ₹200. A weekly close below ₹190 would weaken/invalidate the setup. *Educational/technical view based on the supplied chart; verify latest financials and market conditions before investing.*