fter a major downtrend and a consolidation , the stock came out of the consolidation zone. As you can see a major uptick in the volume as well. Also William Alligator shows a shift in the trend. The first target should be around 37 with a stop loss of 25.
@ksmbaburao Like I mentioned, the first target i.e. 36. 60 seems to be a long haul, only if it breaches the 36 resistance level
ksmbaburao
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@mercefer, 50 looks like psychological barrier once it consolidates it might form support. Very soon we will see about 36 level close
mercefer
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@ksmbaburao I dont know about 50 but since it is above the 36 level, we'll have to see whether it sustain this level and if it does the next target would be 41