“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.
Tech View: Nifty forms bullish engulfing candle. What should traders do on Friday
Analysis of Nifty Put options indicates a concentration of Open Interest (OI) at the 22,500 level, suggesting potential support. On the Call side, significant OI