Firstly is make Cup & Handle pattern over a period of 6 yrs. And gave a strong breakout. C&H breakout target - 700 (Already reached)
Secondly, along with C&H breakout it also gave an All-Time-High breakout from the levels of 520.
Next, it went on to break 6 yr trendline and rested it also.
Finally, it gave breakout over it's 16 yrs trendline. This breakout got rejected as the price has come below it.
I believe the stock should spend some time between 16yr trendline and 6yr trendline. It will be a good strategy to buy either buy the stock at lower level of 625 or at the 16 yr trendline breakout.
Even though 16 yr breakout is not obeyed, stock has shown strength by retesting and respecting 6 yr trendline breakout. You can also keep on accumulating it while it revolves between this 2 trendlines.
CMP: 671 Buy point: 625 & above 690 SL: 550 Target: Open. Hold it till exit signal. Long term stock.
Remember: SLs are essentials.
Disclaimer: I'm not a registered analyst. I'm just sharing my opinion on the platform for others to benefit in learning from my market understanding. Please do your due diligence before making a trade.
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Stock did not come to the lower level of 625 but if you managed to capture the breakout of 690 then you already have decent gains of ~3.5%.