Consolidating in a range..
Stock has been consolidating in channel in range of 2500-2850 levels from 4 months. Making 2500 levels as strong support and 2850 levels as stiff resistance. Also, it has formed double bottom on monthly chart.
Longs can be considered with SL of 2450 on weekly CB for the intial target of 2850 and 3000 in short to medium term with more than 1:2 RR and 3350+ in long term.
Promoters are majority stake holders, with increased institutional investors participation (FII/MF) in Sep'21 quarter.
Kindly do your analysis before initiating trade.
Longs can be considered with SL of 2450 on weekly CB for the intial target of 2850 and 3000 in short to medium term with more than 1:2 RR and 3350+ in long term.
Promoters are majority stake holders, with increased institutional investors participation (FII/MF) in Sep'21 quarter.
Kindly do your analysis before initiating trade.
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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.
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.