May 30, 2023

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Chart Check: This multibagger stock could hit fresh record highs post breakout; time to buy?

1 min read

Xpro India, a packaging industry company, has witnessed a more than 6000% rise in its stock price over the last three years and is expected to reach fresh record highs in the next six months, according to experts. The stock surged by over 20% in a month after bouncing back from hitting a low of Rs 528 ($7.00) in February. The Supertrend indicator has triggered a buy signal in April 2023. Despite the bullish trendline, some consolidation may occur due to the stock being close to overbought levels. Xpro India’s possible targets are Rs 1,100 ($14.60), Rs 1,300 ($17.30) and Rs 1,500 ($19.95), while buy levels are at Rs 755 ($10.05), Rs 710 ($9.45), Rs 677 ($9.00) and Rs 610 ($8.10).

2023-05-03 03:49:52

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