Buy at CMP
STOPLOSS: 212
RATIONALE: It has formed a rounding bottom pattern on weekly chart, over 2 years and broken out above the neckline in Jul-21. Tested the resistance at around 318 and has pulled back to the breakout level and confirmed the reversal on 03-Sep-2021 with a bullish candle. Seems a good positional buy for a long run up.
NOTE: THE ABOVE IS FOR EDUCATIONAL PURPOSES ONLY. ANY INVESTMENT/TRADING DECISION SHOULD BE BASED ON YOUR OWN ANALYSIS.
STOPLOSS: 212
RATIONALE: It has formed a rounding bottom pattern on weekly chart, over 2 years and broken out above the neckline in Jul-21. Tested the resistance at around 318 and has pulled back to the breakout level and confirmed the reversal on 03-Sep-2021 with a bullish candle. Seems a good positional buy for a long run up.
NOTE: THE ABOVE IS FOR EDUCATIONAL PURPOSES ONLY. ANY INVESTMENT/TRADING DECISION SHOULD BE BASED ON YOUR OWN ANALYSIS.