INDEGENE the recently listed stock on the bourses has given a breakout and made a high of 726/- from consolidation zone and closed above the listed day high of 662/- on weekly close basis in the week of 2nd Sept 2024 with highest volume in the week post listing.
Retested the BO of listing day high and rejection candle high of 640/- in the current week and...
Never Closed below the 50 Monthly Moving average after May 2009 (@ 117). Retested this in Feb'2011 (@ 173), Mar' 20 (@ 1124) but always closed above this MA.
Given 10x return since May 2009 from 170 to 1700+ (Excl. dividend) i.e. 1 lac invested in May'09 becomes 10 lacs in 2023 in a span of 14 years.
Trading now near to the same Monthly MA from Mar 2023....
