On a monthly timeframe it is sustaining above 1969-2365 (previous resistance zone) which is now acting as a support. A new HH was formed on the same timeframe and the price is consolidating thereafter. On a weekly timeframe we see the range getting squeezed and no of consolidation weeks is coming down too. It is well sustaining above the 2365 levels for 9weeks...
The stock has recently broken out of an ascending triangle pattern on the weekly chart. The breakout candle, which represents the moment the stock broke out, is a powerful bullish candle, and the breakout was accompanied by substantial trading volume. This indicates a strong upward movement and suggests potential further gains. Traders and investors may find this...
Naga dhunseri ... check the fundamental of this company P/E & price to book value... Stock is consolidating in small range from last 1 year , it like preparing small rounding bottom and cup & handle pattern under formation which will take this stock upto 2100 level... Stock is available at good risk to reward ratio CMP:1407 sl: 1150(wcb) target:1750/2200