Stock is in cup formation---Pennar Industries

1.Stock is trying to make cup formation in weekly timeframe.
2. Blue lines can act as resistance in coming days.
3. 79 is ATH and can be gained approx 2months.
4.There is also increase in volume.
5.Nearly 60% gains, if price hits ATH.


CHART IS POSTED ONLY FOR TRADE IDEA/ EDUCATIONAL PURPOSE. PLEASE DO YOUR OWN ANALYSIS.