“A technical correction in the form of profit booking followed and after the Covid event, the stock made a low of Rs 33.70 in March 20. Value buying followed and the stock gave a V-shaped recovery up move and made a high of Rs 153.40 in November 2021 but failed to cross its all-time high,” Bharat Gala, President – Technical Research, Ventura Securities, said.
Tech View: Nifty forms doji candle; buy-on-dips suggested with 22,780 as key support. How to trade on Thursday
Tech view: Nifty has formed a double bottom pattern and a doji candle near key support levels. The 21-day simple moving average (DSMA) at 23,285