Current market Price: ₹153.35
Key Technical Analysis Points
"Major Breakout Achievement"
The stock has successfully broken out of a 16-year resistance level around ₹101.73, which had been a significant barrier since the 2009 highs.
Previous ATH : ₹111.17
- Target 1: ₹125.86
- Target 2: ₹153.35
Key support : ₹101.73 (former resistance, now support)
**Long-term Pattern**: The chart shows a classic long-term consolidation pattern from 2009-2023, followed by a strong breakout and retracement that successfully held above the breakout level.
Conservative Trader can Initiate buy above ₹101.73 Breakout.
The stock experienced significant highs around 2009-2010, followed by a prolonged bear market and consolidation phase lasting over a decade. The recent breakout suggests a potential new bull cycle for the airport infrastructure company.
Key Technical Analysis Points
"Major Breakout Achievement"
The stock has successfully broken out of a 16-year resistance level around ₹101.73, which had been a significant barrier since the 2009 highs.
Previous ATH : ₹111.17
- Target 1: ₹125.86
- Target 2: ₹153.35
Key support : ₹101.73 (former resistance, now support)
**Long-term Pattern**: The chart shows a classic long-term consolidation pattern from 2009-2023, followed by a strong breakout and retracement that successfully held above the breakout level.
Conservative Trader can Initiate buy above ₹101.73 Breakout.
The stock experienced significant highs around 2009-2010, followed by a prolonged bear market and consolidation phase lasting over a decade. The recent breakout suggests a potential new bull cycle for the airport infrastructure company.
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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.