Last week it has formed Hammer pattern, currently the stock price has sharp up move after that hammer pattern.
It appears to be reversal pattern.
CMP is near breakout area if you see the white line on the chart which indicates that breakout can be expected next week.
Price is holding 100 period EMA.
14 Period RSI is also facing up above 50 levels.
I might give good up move till 915/1005. (Time limit 1-2 months)
Buy @ 840 for the target of 915/1005 with SL @ 750
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