Stock has formed symmetrical pattern on weekly chart. One can consider long position with SL 425 on weekly CB, for the target of 650 and above with more than 1:2 RR. Promotes are majority stakeholders in the company with NIL pledged shares (73.4 % as on Sep 21).
Kindly do your analysis before initiating trade.
Kindly do your analysis before initiating trade.
Trade active:
Stock has given 15% from reco level...one can book profit as there is resistance at 553-556 levels....or continuing holding as per mentioned levels
Trade closed: target reached
