The stock has bounced from its support levels around 250.
Prices have confirmed a Double Bottom pattern, suggesting strength in the stock price.
Weekly RSI has also seen a breakout.
Prices could now head back to test the upper end of its Long term Trading range placed between 445-475.
Double Bottom pattern remains valid as long as prices stay above Rs.284.
Prices have confirmed a Double Bottom pattern, suggesting strength in the stock price.
Weekly RSI has also seen a breakout.
Prices could now head back to test the upper end of its Long term Trading range placed between 445-475.
Double Bottom pattern remains valid as long as prices stay above Rs.284.
Trade closed: target reached:
Price has crossed our Target Zone, might even breakout above the resistance zone 445-475, but that will be a fresh outlook.