Stock Radar: 50% rally in 1 year; wait for confirmation of rounding bottom pattern to go long in Concord Biotech
- Posted on November 25, 2024
- By Business News Today
- 5 Views
Stock Radar: 50% rally in 1 year; wait for confirmation of rounding bottom pattern to go long in Concord Biotech
Concord Biotech Ltd's stock, after reaching record highs, is poised for a breakout from a Rounding Bottom pattern. Experts suggest a close above Rs 2,120 could push the stock towards Rs 2,400-Rs 2,600. Positive indicators like crossing the 100-day EMA and a bullish MACD support this outlook.
