Systematic consolidation could give good oppurtunity

The stock has slowly risen in this bull market in its own speed moving in the triangle pattern and breaking and sustaining above 445 which was a resistance and 200 sma on daily charts. If the stock sustains above 450 levels on friday then we may see a new channel in which the stock could move for rest of the month and the next month. 445 on closing basis would mean more pain for the stock. As for the deliverable rate stands it is impressive .

Disclaimer : The analysis is an opinion of mine for the aforementioned scrip. One may consult or do own research before taking a position in the stock.

Trade active:

A convincing move today by the stock as trade activates here. Took support inside the channel and breaking through . another green candle would give a thumbs up for the stock

Trade active:

The support is respected really well by the stock. Would be interesting to see how it turns up.

Trade active:

It is on upper end of the channel and hence if it breaks and sustain then we would see 500 or else back to 450 level. trade with sl