Stock after forming rounding bottom has delivered multi-fold returns over a period of 18 months. Also facing strong resistance at around 195-200 levels. Now any close above 195 levels on weekly CB , would take the stock to new high above 225 levels. One can keep the stock in watch-list and trade accordingly after any breakout with good volumes. Also can be considered as portfolio stock, as it has promoters as majority stake holders, with increasing FII participation.
Kindly do your analysis before initiating trades.
Kindly do your analysis before initiating trades.
Trade closed manually:
Once again stock is facing huge resistance at around 220-225 levels..on breaching this level with high volumes, stock would enter new territory..unless it is wait n watch...stock made 20% from suggested levels