Hi Traders, As expected in previous idea ("Mahendra and Mahendra Finance"), Stock is preparing to go up. Once it break resistance line (138.50), there is a possibility of temporary retracement to suggested resistance line (138.50). If so, you can open new orders based on price action.
Stock Analysis * Stock is in a range and developing higher high and lower low pattern between this range with support of trend line . * It is trying to close above resistance line (138.50). * Once it break resistance line (138.50), uptrend will be started.
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