Stock has formed rounding bottom pattern, with positive momentum. After getting its first resistance breached at around 140 levels, now the stock is trading near its next resistance levels of 195-198. Also, some good volume action can be noticed in current week trading.
Now, one can keep the stock in watch-list and any close above 200 levels on weekly CB, longs can be considered with SL 170 on weekly CB for the next targets of 260, 300 and towards new ATH level, with good RR in coming weeks and months.
Promoters are majority stake holders with 59% and also has increased institutional investors participation in Sep 21 quarter (FII/MF).
Kindly do your analysis before initiating trade.
Now, one can keep the stock in watch-list and any close above 200 levels on weekly CB, longs can be considered with SL 170 on weekly CB for the next targets of 260, 300 and towards new ATH level, with good RR in coming weeks and months.
Promoters are majority stake holders with 59% and also has increased institutional investors participation in Sep 21 quarter (FII/MF).
Kindly do your analysis before initiating trade.