The stock has been forming a cup and handle pattern on the weekly time frame where the 965 level is acting as a crucial resistance however it can be shattered if the market sentiments favour and after that a prelonged rally , however a major concern for the company is its ailing balance sheet which shows quite concerning factors but for a swing trade it can be bought
Trade active
TARGET 1 NEARLY ACHIEVED RADY FOR 1760
IT HAS COMPLETED ROUNDING BOTTOM FORMATION SIMILAR TO THAT OF ZOMATO
Trade closed: target reached
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.
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.