The stock has encountered resistance around the 200-day moving average and the expanding triangle pattern top. With the formation of a lower high, it is safer to set the stop-loss below the previous higher low of Rs. 73.90.
A cup and handle pattern will be created If the stock manages to break above the previous higher high of Rs. 78.90.
Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.
A cup and handle pattern will be created If the stock manages to break above the previous higher high of Rs. 78.90.
Disclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in this stock.