The stock gave a breakout above the neckline of an inverse Head and shoulder pattern on the weekly charts in May 2023 placed around 5000 levels.
Will RBI announce steep rate hikes? Nomura sees up to 50 bps increase by Dec, dismisses 125 bps hike fears
Nomura expects the RBI to pursue a limited tightening cycle, with a possible 50 bps rate hike by December, as food and energy pressures rise