A clear breakout in the weekly charts , one can go long only if the stock breaks last weeks high of 1330 with a stop loss of 1150 on a weekly closing basis . The stock can go up to the levels of 1450-1650 on a positional basis .
NOTE: NOT SEBI REGISTERED. THIS IS NOT AN INVESTMENT STRATEGY AND ONE SHOULD DO RESEARCH OR CONSULT WITH THEIR FINANCIAL ADVISOR BEFORE TAKING ANY INVESTMENT DECISIONS.THIS IS ONLY FOR EDUCATIONAL AND LEARNING PURPOSES.
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IF CLOSES BELOW 1150 THIS WEEK THE BREAKOUT WILL FAIL
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SL HAS NOT BEEN TRIGGERED YET AND THE STRUCTURE LOOKS FINE.
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IT SEEMS TO BE CONSOLIDATING NOW. A DAILY CLOSE ABOVE 1340 AND THE MOMENTUM SHOULD BEGIN.