Description
⋅ The stock has been on a upward curve from the levels of 187. Also, it looks strong on the relative strength parameter.
Today, it broke out from a cup like formation at 228.
Ascending triangle pattern formation is visible with breakout zone above 242 and support at 228.
Resistance levels around 251 is critical, the breaking of which would push the stock to 270 level.
Plan your trade with strict stop loss of 5-8%.
Do consult your financial advisor.
Comment
⋅ Would wait and see further price action.
Will keep SL at 205 and exit if it breaks that level.
Comment
⋅ After breaking the 251 levels on the upside, the stock touched the price of 270 and 291