India, May 16 -- Dassault Aviation's stock continued its upward momentum for the third consecutive session on Friday, climbing nearly 2.4 per cent. During mid-day trading on the Paris Stock Exchange, the Rafale jet maker's share price touched an intraday high of €309.40-just around 10 per cent short of its all-time peak of €332.20.

After tumbling by seven per cent on Monday, the stock rebounded over three per cent on Tuesday. According to a report by Live Mint, analysts noted the emergence of a bullish hammer candlestick pattern on the monthly chart, which typically signals potential for further gains.

Market experts believe this bullish pattern bodes well for buyers and predict that the stock may move closer to its previous...