Chart Check: After 100% returns in 1 year, breakout from rounding bottom pattern could take Nava to fresh 52-week high

“The stock has recently risen after retesting the neckline of a rounding bottom pattern, and a bullish breakout was observed in mid-July 2022, which indicates the start of an uptrend. The breakout is confirmed as it was accompanied by higher volumes,” Omkar Patil, Technical Research Associate at GEPL Capital, said.

Chart Check: After 100% returns in 1 year, breakout from rounding bottom pattern could take Nava to fresh 52-week high
“The stock has recently risen after retesting the neckline of a rounding bottom pattern, and a bullish breakout was observed in mid-July 2022, which indicates the start of an uptrend. The breakout is confirmed as it was accompanied by higher volumes,” Omkar Patil, Technical Research Associate at GEPL Capital, said.