The stock has initiated its uptrend from 50 DMA on 12th May, 22.
It has touched the long term high trendline based on Price Action.
It has broken out with increasing Vol since last 3 days and crossed last Swing high.
It stock price sustains above 83.5 on closing basis, it can reach the Targets as marked on the charts based on Fibonacci extension.
Trailing Stop Loss Swing Low = 62.
This study is for academic purpose only and not a investment advice.
It has touched the long term high trendline based on Price Action.
It has broken out with increasing Vol since last 3 days and crossed last Swing high.
It stock price sustains above 83.5 on closing basis, it can reach the Targets as marked on the charts based on Fibonacci extension.
Trailing Stop Loss Swing Low = 62.
This study is for academic purpose only and not a investment advice.
Comment:
The stock also is exhibiting a falling wedge pattern based on the Price action.