The stock is forming a bullish flag and has been consolidating from past 13 bars or 20 days with low selling volumes. Today a move of 5.83% has resulted into huge volumes trapping all the sellers. The stock is ready for an upside with a potential Target of 191.45 or 16.15 points and a SL of 164 i.e. today low giving us a RR of about 1.42. Moreover, RSI is also backing the stock with a trendline breakout and a close above 60.
Trade closed: target reached