Trend: The stock is forming a higher-low structure with a rising trendline, showing accumulation and strength. A breakout above key resistance could trigger a strong upward move.
Support & Resistance Levels:
Support: ₹200.35
Resistance 1: ₹230.54
Resistance 2: ₹257.85
Resistance 3: ₹284.65
Fundamentals (Key Points):
🔋 Leading city gas distribution company with a dominant presence in the NCR region.
📈 Steady revenue and profit growth supported by rising urban gas demand.
🌱 Strong focus on CNG and PNG expansion with government push for clean energy.
💰 Healthy balance sheet with robust cash flows and minimal debt.
🏙️ Continuous network expansion and strategic tie-ups enhancing future growth visibility.
Final Verdict:
Bullish structure forming with higher lows — a breakout above ₹230.50 could open room for a strong rally, supported by stable fundamentals and growing gas demand.