Technical Analysis:
The stock is currently trading at its all-time high of ₹1,367, which may appear attractive to new investors.
However, a triple top pattern is forming, indicating potential resistance at this level.
This pattern is considered a bearish signal, suggesting that the stock may face rejection from this level.
A potential downtrend toward ₹1,200 seems likely based on this pattern
The stock is currently trading at its all-time high of ₹1,367, which may appear attractive to new investors.
However, a triple top pattern is forming, indicating potential resistance at this level.
This pattern is considered a bearish signal, suggesting that the stock may face rejection from this level.
A potential downtrend toward ₹1,200 seems likely based on this pattern
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.