The stock broke out from a cup- with- handle formation on the daily chart on September 30, and gained around 28% in 32 days from the pivot point.
After hitting the high of INR 276 on October 18, it had given a small correction of 12%. It has gained momentum later and reclaimed its 21- DMA and is now trading its moving upward . It is currently trading at an all- time high.
The stock is in a bullish trend, and it is trading above its key moving averages on a multi- time frame charts with improved momentum.
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