Stock has formed inverted H&S pattern on weekly chart. Also closed above 85 levels on weekly CB, after Jan 2021 (almost 10 months). Now any closing above the neck trend-line on weekly CB (around 88-90), would further take the stock towards 115 and 150 levels gradually. Longs can be initiated at CMP or after the close above trend-line on weekly CB, with SL as per risk appetite.
Kindly do your analysis before initiating trades.
Kindly do your analysis before initiating trades.
Trade attivo