This stock has formed a pattern called Double Bottom.
A "double bottom" is a chart pattern used in technical analysis to predict a potential reversal of a downtrend. It typically occurs after a prolonged decrease in price and consists of two distinct lows at approximately the same level, separated by a moderate peak.
target price for the intermediate-term in the range of 955.00 to 965.00.
Also The MACD has also generated a bullish signal.
RSI above 60.
PLEASE NOTE THAT:
- This chart analysis is only for reference purpose.
- This is not buying or selling recommendations.
- I am not SEBI registered.
- Please consult your financial advisor before taking any trade