Rs. 8,677 crore order book: Tata Group stock records a breakout from a 14-month consolidation, with m-cap crossing the Rs. 30,000 crore milestone; is a four-figure mark likely before the year-end?
Rs. 8,677 crore order book: Tata Group stock records a breakout from a 14-month consolidation, with m-cap crossing the Rs. 30,000 crore milestone; is a four-figure mark likely before the year-end?

Rs. 8,677 crore order book: Tata Group stock records a breakout from a 14-month consolidation, with m-cap crossing the Rs. 30,000 crore milestone; is a four-figure mark likely before the year-end?

The rectangle pattern is supported by strong volume, almost twice the 30-week average volume of 61.97 lakhs shares per week

Karan Dsij Article rating: 4.0

With this strong move, the stock witnessed a breakout of a 14-month-long rectangle pattern on the weekly chart. The rectangle pattern, characterized by two horizontal trend lines drawn across a series of price peaks and valleys, forms a rectangle shape on a stock chart.

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