Crisil: The Credit Rating Agency is Set for Significant Growth!

The price is currently on an upward trajectory, characterized by a series of higher highs and higher lows.
After hitting resistance around the 3,740 level, the stock price pulled back but found strong support near the 2,700 level.
It then bounced back and surpassed its previous resistance.
This breakout was significant, as it emerged from the Rounding Bottom pattern that had formed during the consolidation phase.
Following the breakout, the stock price stabilized just above the breakout zone for a while.
Then, with a dramatic surge, the stock reached an all-time high of ₹6200.
However, a wave of selling pressure caused the price to drop back to its trendline support.
At present, the stock price is steadily climbing, indicating promising growth potential.

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With returns surpassing 20%, the stock has aligned with our analysis.
We now foresee a potential breakout from the parallel channel, which may propel the stock to further heights.

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