The stock is near its 52W high, and witnessed a spike in volume on Friday, 30th July.
If the momentum continues, considering its strong technicals, it is highly likely to break out of the ascending triangle pattern.
Considering the historical trend on the weekly charts, it is expected to touch near term targets of 137.8 and 150.8 respectively.
Depending on your risk profile, you may maintain a stop loss at ~112 levels.
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If the momentum continues, considering its strong technicals, it is highly likely to break out of the ascending triangle pattern.
Considering the historical trend on the weekly charts, it is expected to touch near term targets of 137.8 and 150.8 respectively.
Depending on your risk profile, you may maintain a stop loss at ~112 levels.
Please follow us for more trading setups like these.
If you have any queries/suggestions related to above pattern, feel free to type below in the comment section.
Do show your love by pressing the like if you liked the idea.