- The stock is currently at 5 year
- Sustaining above 21 opens up potential for a move towards 30-33 zone and 40 levels
- though suggests overbought conditions
- so there is an alternative scenario where the stock may see some correction
- and if in that correction the stock manages to hold 16 odd levels then there will be a case to come back stronger and take out the 5 year resistance and head higher
So Plan your trade accordingly...!!!
Take care & safe trading...!!!