After having a ~42% downtrend which started from July 2022 the stock have broken the trend line and mark the end of the down trend. Which means the stock can either go sideways or into an uptrend.
After breaking out of the base it went into a 12 week consolidation in ~14%range it has finally broken out. Volume support is seen too.
On a monthly timeframe it has...
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
FII:4.70%(FIRST TIME BUYING FROM FII SIDE)
WE CAN JUST PREDICT.
Disclaimer: I am not a SEBI registered advisor , so before entering on my view plz ask your SEBI Registered Advisor . Profit is your and loss is your.
Stock has formed cup and handle and given BO.
Could'nt sustain above break-out zone multiple times (Weekly candle close) until last week.
Volumes have been very good
Good to buy above 975 both for Intra and Swing
3 YEARS BREAKOUT.
Last week closing clearly shows interest of buyers.
They were able to push up the prices by 10% and successfully close above resistance.
Volumes are at highest levels.
RESULTS Were wonderful.
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