Chart Pattern: Inverted Head and Shoulders (H&S) Pattern Identified
Neckline Resistance: ₹330
FII Accumulation Zone: Around ₹290
Price Action: Price has formed a classic inverted H&S pattern and is currently consolidating just below the neckline at ₹330.
Volume: Rising volume indicates institutional interest.
Conclusion:
=====================
A weekly close above ₹330 may lead to a bullish breakout.
Target levels post-breakout could be in the range of ₹360-₹390 short term, with medium-term potential above ₹400 if volume supports.
Shareholding & Institutional Activity
=========================================
FII Holding Zone: ₹290
High Institutional Interest: Visible from both volume and price breakout attempts.
Retail Participation: Healthy based on consolidation and absorption of supply.
Financial Analysis
====================
Company has demonstrated robust earnings growth and excellent cost management.
Strong operating leverage.
Neckline Resistance: ₹330
FII Accumulation Zone: Around ₹290
Price Action: Price has formed a classic inverted H&S pattern and is currently consolidating just below the neckline at ₹330.
Volume: Rising volume indicates institutional interest.
Conclusion:
=====================
A weekly close above ₹330 may lead to a bullish breakout.
Target levels post-breakout could be in the range of ₹360-₹390 short term, with medium-term potential above ₹400 if volume supports.
Shareholding & Institutional Activity
=========================================
FII Holding Zone: ₹290
High Institutional Interest: Visible from both volume and price breakout attempts.
Retail Participation: Healthy based on consolidation and absorption of supply.
Financial Analysis
====================
Company has demonstrated robust earnings growth and excellent cost management.
Strong operating leverage.
Aviso legal
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.