Stock was formed a base in 1280-1380.
Volumes increased when stock moved fro 1480 to 1280-1380. Clear sign of accumulation.
Stock made lower low formation till 1250, then stated making higher high which is evident by strong breakout with volumes from the base built today.
The base formation has taken place near Listing day low of 1280
stock has taken support for multiple times from the zone around 1280.
Recent base is slightly higher than the previous low. of around 1200
SL to be kept at 1240 around 12%
Stock can deliver good returns min 20% 30% in coming months.
Volumes increased when stock moved fro 1480 to 1280-1380. Clear sign of accumulation.
Stock made lower low formation till 1250, then stated making higher high which is evident by strong breakout with volumes from the base built today.
The base formation has taken place near Listing day low of 1280
stock has taken support for multiple times from the zone around 1280.
Recent base is slightly higher than the previous low. of around 1200
SL to be kept at 1240 around 12%
Stock can deliver good returns min 20% 30% in coming months.
Trade closed: stop reached