This is the Chart of Quick Heal on the daily scale, A falling Wedge pattern did appear and the Prices breaks out downward. Though Falling Wedges patterns are supposed to breakout upwards, but here it breaks out downward. This pattern forms over a period of approx 6 months. Break out came with a gap , hence signalling price may go down further. Support for the stock is at 210-209 levels.
And if i look at harmonic pattern i could see a probability of Bat pattern ,suggesting a support zone near 211-210 levels
Hence , one should keep an eye on these levels to determine the further price action in this stock
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