Investors have paid higher prices over time to buy The Phoenix Mills Limited and the stock is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The price has broken through the ceiling at 1840 of a rectangle pattern. A decisive break will signal a further rise to 1910 or more.
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There is no resistance in the price chart and
further rise is indicated. In case of a negative
reaction, the stock has support at
approximately 1770 rupee. The stock is
overall assessed as technically positive for
the medium long term.
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