On the weekly chart, Pravesh Gour, Senior Technical Analyst at Swastika Investmart said the counter witnessed a breakout of the bullish pennant pattern formation with the strong volumes. "After this breakout, the stock jumped 42 per cent and moved to all-time high level of Rs 75.70. At the current level, the structure of the counter has become very expensive for taking new positions. Risky traders can take positions at Rs 66–67 levels for a target of Rs 80-plus. with a stop-loss of Rs 60," Gour said.Read more:
IRFC, RVNL shares snap 7-day winning run. Technical levels to watch out- Business Today
