In Paytm, the breakout of an ascending triangle formation is generally considered a bullish signal. This pattern consists of a flat top resistance level and upward sloping support, indicating potential buying pressure.
Nishit Master believes that in the near term, consumer spending will continue to be depressed due to still elevated inflation and the possibility of below-normal monsoon due to developing El Nino conditions.
Daily Voice | LIC Mutual Fund bullish on these 4 sectors for FY24, says this fund manager moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
Elgi Equipments has formed robust bullish candlestick pattern on the daily scale with significantly higher volumes. In fact, the stock has seen not only downward sloping resistance trendline breakout but also Mother candle breakout on the daily charts.