Pix transmission has had a superb run, with the stock price rallying from Covid lows of 80 to a high of 1174 in Jan 2022. It has broken down below a bearish head and shoulders pattern on weekly chart. The height of the pattern is close to 400 rs and breakdown level is 800. So pattern target can be around 400. As of now it seems these are lofty targets, but I will keep observing to see how the pattern plays out. I personally do not hold any positions, and this is not a recommendation. Posted only for academic interest as it is a pattern close to a classical pattern.
| Subscribe To Our Free Newsletter |
