It has been observed on monthly chart that the price action breaks above strong resistance zone and shall further move up as buyers are now in control.
Fundamentally, the company have recorded highest quarter sales, and also sustaining growth in net profit margins, which has boosted the momentum in the stock.
@ParamjitMahapatro, Rightly noted Sir, it shall further reach to 220-250 levels as Wave 3 will be longer than Wave 1. I really liked your sharing. Thanks
ParamjitMahapatro
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@NeeteshJain, glad to know that you liked my analysis :)
estockmarket
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Super duper...
NeeteshJain
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@viks.gupta9894, Yes, it is a super breakout from resistance. Now, if it manages to hold above 140 levels through this month then it shall provide duper returns. Thanks
IamRam
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Nice one. I entered @150 on the day the share split. Will wait for a quarter and see how it goes.
NeeteshJain
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@IamRam, Yes, you can keep holding for long term targets until the price action stays above the strong support zone of 140 levels. Thanks