Stock has given a breakout on the higher side after one year of consolidation implying a bullish continuation sign. Stock has retraced to the upper band of consolidation followed by a bullish candle,Kapil Shah, Technical Analyst, Emkay Global Financial Services and Trainer- FinLearn Academy, said.
Tech View: Nifty forms Doji candle ahead of monthly expiry. What traders should do on Thursday
Going ahead, 22,500 level remains a significant resistance on the monthly expiry day, but a sustained trade above 22,500-22,550 could trigger further upward movement, potentially