- Prices are re-testing its breakout zone (770-790).
- Sustaining above 770 would keep bullish outlook intact.
- Prices in a new high territory, so it’s a Buy and Hold.
- CONCERN is that Weekly RSI is yet to move past 66.
- A Weekly Close below 770 would extend correction to 680.
Trade closed: stop reached:
Stock has failed to survive breakout, will relook at 680, or on a fresh breakout.