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• Current Price: The current share price of LLOYDSENGG is around ₹76.83, which is very close to the stop loss you’ve mentioned at ₹76.
• Technical Analysis:
  • The stock has shown signs of being in a bullish trend with a recent breakout from an ascending triangle pattern, suggesting potential upward movement. Posts on X have highlighted strong bullish momentum and volume buildup, indicating possible further increases in price.
  • Technical indicators on TradingView suggest the stock is volatile with a beta coefficient of 1.47, which implies higher than market volatility. The current price dynamics show the stock has reached an all-time high of ₹93.40 on Jul 29, 2024, which is above your target of ₹90.
• Fundamentals:
  • Lloyds Engineering has a high P/E ratio of 114, which might indicate that the stock is overvalued based on earnings unless there’s significant growth expected. However, the company has been showing positive results for the last 10 consecutive quarters, which could be a positive sign for long-term holding.
• Risks and Considerations:
  • With the stop loss at ₹76, there’s an immediate risk if the stock price dips even slightly below this level, considering it’s already trading at ₹76.83.
  • The target of ₹90 seems achievable given past highs, but the stock’s volatility suggests it could either exceed or fall short of this target.
• Positional Call:
  • Given the current market cap and the recent performance, entering at ₹80.50 with a stop loss at ₹76 and a target of ₹90 seems aggressive. The current trading price being very close to the stop loss level means you would need to monitor the stock closely for any downward movement.