Crisil: The Credit Rating Agency is Set for Significant Growth!

13 Sep 2024

• The price is currently on an upward trajectory, characterized by a series of higher highs and higher lows.
  
• After hitting resistance around the 3,740 level, the stock price pulled back but found strong support near the 2,700 level.
  
• It then bounced back and surpassed its previous resistance.
  
• This breakout was significant, as it emerged from the Rounding Bottom pattern that had formed during the consolidation phase.
  
• Following the breakout, the stock price stabilized just above the breakout zone for a while.
  
• Then, with a dramatic surge, the stock reached an all-time high of ₹6200.
  
• However, a wave of selling pressure caused the price to drop back to its trendline support.
  
• At present, the stock price is steadily climbing, indicating promising growth potential.
  

29 Nov 2024

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With returns surpassing 20%, the stock has aligned with our analysis.
We now foresee a potential breakout from the parallel channel, which may propel the stock to further heights.