The stock has broken out of the descending triangle pattern to the upside, indicating potential bullish momentum. If the buyers continue to push the price upwards, the stock may reach the target price of Rs. 155 obtained from the descending triangle pattern height, which aligns with the Fibonacci retracement level of 0.618.
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.
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.
Comment:
The stock has broken above its previous higher high and testing 200 day moving average, if broken above it should progress upwards towards Fibonacci retracement 0.382 and 0.5 levels.
