Rounding bottom pattern observed in Pressman Advertising on weekly time frame.
In 2018, the stock had hit an all time high of INR 88 and post that the stock price kept falling and hit a low INR 11.35. The stock fell to these levels after SEBI fined five entities for fraudulent trading shares of Pressman. Now, the stock has started moving up again from 11.35.
The stock was resisting the price of INR 40 but last week this stock has given a breakout above the level and closed 41.45 with high delivery volume of 14.4 lakh shares delivered
If the stock holds these levels, the stock price can go to INR 70. Initial resistance at 52.05.
Disclaimer : For educational purposes only.
In 2018, the stock had hit an all time high of INR 88 and post that the stock price kept falling and hit a low INR 11.35. The stock fell to these levels after SEBI fined five entities for fraudulent trading shares of Pressman. Now, the stock has started moving up again from 11.35.
The stock was resisting the price of INR 40 but last week this stock has given a breakout above the level and closed 41.45 with high delivery volume of 14.4 lakh shares delivered
If the stock holds these levels, the stock price can go to INR 70. Initial resistance at 52.05.
Disclaimer : For educational purposes only.