ATA IMS EMA 5 just rebounded at EMA 20

Updated
This stock saw a short down trend from early to mid december. Reversal was seen at 14/15 December. A slight correction was seen again but recently 2 days ago ema 5 rebounded at ema 20. This indicates stronger bulls than bears.

The company is has a solid financial scoring, suitable for value investors. The QR for Period ending october 2020 indicates revenue growth by 50% y-o-y. The PE is 28.6, lower than its peers. Analyst fair value consensus for the stock is at 2.44

The next strong resistance is 2.33. Recent investment bank TP is at 2.44/2.45. Weekly support has been seen at 2.31

Trade active
As anticipated, ATAIMS came with strong breakout. Today on 28/12/2020, there was significant volume price action, volume increase and price increased.

Based on todays trade, I foresee the counter to touch the resistance of 2.47 within the next few trading days. A new support is yet to be formed, but it should be above 2.335
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