There could be two ways a technical analyst will look at this chart.
-> A head and shoulders with neckline at 760.
-> Major bottoms at 760 band for last 1 year.
Ways to trade it
Buy at 775-790 stoploss of 755-760 with upside target of 850 or higher.
Reverse trade if breaks below 755 short with a small stoploss.
Given the fact the stock has made a huge base between 700-750 before the risk reward is favorable for bottom buying.
Disclosure : Will be waiting for follow up action to buy above 800.
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