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Inverted Head and Shoulder Pattern was there on the Weekly charts of stock and accordingly stock had shown remarkable rally from the level of 197 to 581, and has gained about 195%.
However Stock had gained about 35% from the breakout level and after touching the high of 581 , stock went into consolidation mode.
Stock had taken support at 23.6% retrace-ment of its previous rally from 197 to 581.
From the past 9 weeks stock is consolidating in range of about 80 points.
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