The stock has reversed trend and has become bullish. It has retraced to 23% and 38% confirming the strong bullish reversal trend. Huge volume is also confirming the same.
One can expect a mild correction between 23% and 38%, giving an opportunity of channel trade here as 870 was a past support becoming a resistance line now.
On breaking 870 on closing basis one can long for
Target 1 50% 955
Target 2 62% 1055
One can expect a mild correction between 23% and 38%, giving an opportunity of channel trade here as 870 was a past support becoming a resistance line now.
On breaking 870 on closing basis one can long for
Target 1 50% 955
Target 2 62% 1055
Comment:
Target 1 reached. One can trail it to target 2. There could be a reversal here.