Surya Roshni - Rounding bottom pattern
Updated
Surya Roshni has formed a good rounding bottom pattern which was a result of good consolidation and correction from Oct 2021 to May 2023. It is now almost at its previous all time high level of 867. Its a very bullish formation and the target price can be 1150 within the next 3-6 months time. The neck line is around 830 and if the price holds above 830 for this week, it maybe considered to be a confirmation of the breakout.
Note
Target achieved
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