Stocks and option: A tyre major for bullish trade and options trade in global metal player

Synopsis

The price of this company has been moving sideways in the range of Rs 340 to Rs 306 since December 22. Within this range, the price has now given a triangle breakout, which suggests the trend will turn bullish in the short term. The breakout in price is supported by the rise in volume, which increases the reliability of the move.

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