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The stock has broken a strong resistance zone of ₹28,644–₹28,956 with a big bullish green candle and has given a retest. Previously, the stock was rejected from this zone four times.
If the stock closes above ₹29,035, there is a high probability that it may move up to ₹32,000 from this level. The stop-loss for this trade will be ₹26,963.
The stock has delivered positive returns of 14% in the last six months and 15% in the last year.
On Tuesday, the stock experienced significant selling pressure from its all-time high.
(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
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