Sensex Stocks: Chart Check: 4-month range breakout in this Sensex stock may take it to new 52-week high; time to buy?

[ad_1] India Ltd, part of the S&P BSE Sensex index, rose over 1 per cent in the last five sessions and over 11 per cent in one month, leading to a breakout from the 4-month-long consolidation range. The auto stock was moving in a broad range of 1,100 points since February where Rs 8,300 acted as an important resistance, while on the downside, Rs 7,200 acted as strong support. The stock eventually saw a breakout from this range in July 2022, which is a bullish sign, and the momentum could…