1. Support from bottom trendline
2. Resistance of 143 levels which has been tested multiple times
3. Good volumes seen at the bottom which might indicate accumulation
If the stock closes with a strong candle above 143 and the 0.38 Fibonacci level, can give good returns for short term
Stock is consolidating since October'19. Showing up good volumes over the past couple of sessions. Safe traders can take entry if it breaks 41.5 with strength. Risky traders can take entry as there is also support from 0.6 Fibonacci level currently.
Crisil looking for a good multi-year breakout (LTP 1975) on the weekly chart which has been tested 5 times previously and this is the 6th time. Can be looked at for a long once it breaks the flag pattern.
Relaxo has given a good triangle pattern breakout in the weekly chart (CMP 737.6). There's also support from another trendline. Looks good for long. Can also retest all-time high of 829 (+12.4% from LTP)