Near multi-year resistance...Can it breakout !!!
Updated
Stock is trading near its multi-year resistance of 135-136 levels..also has formed inverted H&S pattern on weekly chart. Now, one can keep this in watch-list and watch for any breakout and closing above its resistance for long positions. Also consider as long term holding, since it has promoters as majority stakeholders and also with high institutional (FII/DII) holdings in the company.
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Stock has given breakout..now sustaining above 136-137 levels on weekly as well monthly CB, can see further upside towards 155-160 levels
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