Buy and sell shares | Photo credit: 5./15 West
The short -term perspective is optimistic for can houses. The action had increased around 9 percent last week and has closed with a strong note. The 2 percent increase on Thursday of last week has tasks of the price of the action well above the key level of ₹ 692. Also confirms an inverted head and shoulder pattern in the daily table.
Video Credit: Gurumurthy K
The support of the neckline of this Pattert is now in ₹ 690. Can the price of the shares of the fins increase to ₹ 760-770 in next week? Merchants can spend a lot of time to ₹ 712. Accumulate in the falls to ₹ 695. Keep the stop -los in ₹ 675 initially. Sine the stop-loss to ₹ 720 as soon as the action rises to ₹ 730. Move the fouter stop-loss to ₹ 735 when the price touches ₹ 745. It leaves the long positions to ₹ 760.
(Note: Recommendations are based on technical analysis. There is a risk of loss in trade).
Posted on April 21, 2025