After hitting lows around Rs 3,583 in June 2024, the price experienced a significant upward movement, reaching an all-time high of Rs 4,592, marking a nearly 30% return from its lower level, with buyers dominating the market. A Higher Top Higher Bottom pattern developed during this rally.
ETMarkets Smart Talk: Mid & Small Caps plunge 25%: A buying opportunity or more pain ahead?
The ongoing correction is driven by a mix of valuation concerns, muted earnings growth, and global macro uncertainties. Rising geopolitical tensions and the risk of