Stock has confirmed it's inverse head and shoulders breakout on weekly charts over the levels of previous close, it looks ready for a big upside move from here as tyre stocks are still in traction. A long position is recommended with the mentioned stop-loss for the mentioned targets.
After target 1 it seems to fall down only. What is your view for the targets 2 and 3?
falakshayaan16
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@himanshu93, No I don't rule out target 2, 3 coming, stock just seems to be giving a chance for people to enter on good levels before it starts it's next leg, I think it will retrace around 50% of the big bullish candle and then it'll reverse from there for the next targets.
Taurus333
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@falakshayaan16, Thanks ! Highly appreciate the knowledge you sharing! Big thumbs up!