1. Big Cup and Handle formation is under construction, with 555 as resistance. Any weekly close above 555 will be considered as breakout.
2. Last correction in the stock has formed a double bottom pattern, which is also a bullish pattern.
3. After double bottom, we can see huge volume bars also.
We have to keep an eye on 555 levels, if this breakout happens, there will be a minor hurdle of 589, but all-in-all stock will be entering into new territory to explore.
Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor before taking any action.
@gunit_kar2007, Yup, at current market weakness this has all the rights to correct too. 555 crossed significantly on weekly basis will define further path for it.