I have drawn support and resistance lines. it may be following the trend lines. May not be as well... need more time to see if the trend lines are being supported by the stock. As of now, volumes are missing and stock has held its price. Earnings on 28th August. Stock likely to remain range bound. May mint some money. Also since nifty has made ATH, holding on to a pharma stock not bad idea.
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26 July 2024. The chart is strictly following the supports and resistance levels. Expecting massive jump by Aug 28. Sit tight.Trade closed: target reached
If someone following this, stock gave breakout after it crossed the resistance i mentioned in diagram. However another interesting thing is the light blue line... highs of stock still respecting that. i am no longer following this view. Hope people benefitted. thanks
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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.