TECHNICAL ANALYSIS
STARPLUS may extend its upward trajectory after surging to a new 52-week high following a breakout from its two-month ascending triangle pattern a few sessions ago. With the stock now separated from all EMAs and supported by positive technical readings in RSI, the uptrend is likely to persist over the short term.
Net profit is expected to grow at a CAGR of more than 60% for the next 3 years with strong net margins higher than 17%.
Source: Rakuten Research - 18 Jun 2024
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Created by rakutentrade | Aug 23, 2024