5 paisa made high of 444- 465 in July 2020 and retraced some part of its previous rally only to take support around 235 levels.
The stock then started rallying again but was not able to break through previous resistance( highs made in July 2020) and traded sideways near the resistance for about 3 months.
Finally, it managed to break above in the first week of July 2021 with a Big bull candle, volume also saw some rise.
Now Prices are retraced back to the breakout levels and sustaining above it.
It looks like stock may test its recent highs and also move beyond it, in the coming trading sessions.
The stock then started rallying again but was not able to break through previous resistance( highs made in July 2020) and traded sideways near the resistance for about 3 months.
Finally, it managed to break above in the first week of July 2021 with a Big bull candle, volume also saw some rise.
Now Prices are retraced back to the breakout levels and sustaining above it.
It looks like stock may test its recent highs and also move beyond it, in the coming trading sessions.