Continous accumulation with 61 percent retracement
Theory of continuous accumulation says that, the stock is ready for Breakout show. From recent rally 61% retracement is done and with nifty pharma showing positive sign, the stock can show BIG BREAKOUT SHOW.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.