IMPAL - Weekly Chart Analysis, CMP-1170.20After breaking out of the resistance 761-816 it rallied and formed a new base of 6 weeks and 17% range. It had came out of the base on good volumes and shall resumes its upward journey.
It is well trading above all its key moving averages too.
966-989 shall act as good support and our risk zone too. A close below it and a follow through will make our view invalid.
1280 - 1470 - 2024 are the levels it can test over the long term.
Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
