After a breakout at 79 level stock made a high of 98 from there it retraced to 79 levels. Fresh Buying again emerged at the same level which indicates that 79 is now a strong base and there will be an upward movement can be expected in shorter to medium term. chart had formed a beautiful inverse head and shoulder pattern in weekly chart and after break out it retraced, which is a healthy sign. one can initiate long position with a stop-loss of 78 on closing basis for a target of 93 and 102.
Note:- Education purpose Please do your own study before investing
Note:- Education purpose Please do your own study before investing