The stock broke out of the resistance formed at around 7960-70. Then a steep rise followed. This is what happens when a resistance is taken in most of the cases. Then price pulled back due to profit booking. And bulls jumped into long positions. Price is again at resistance point. 9209 is a strong resistance.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.