“The stock on the daily chart had given a breakout from a cup and handle pattern formation. The stock retested the support zone and bounced back sharply with volumes confirming the strength,” Kunal Shah-Senior Technical & Derivative Analyst at LKP Securities, said.
Asian stocks open mixed after Wall Street rally
Investors in Asia are still digesting the impact of US President Donald Trump’s first few days in office, which have sent mixed signals to investors.