Looks good in the short term for 49.65. (roughly 14% p.a.)

The RSI in this case looks promising for the up move. However be cautious and keep a stop loss at 42.85.
Comment: Stock showing strength even after the slip.
Comment: Stock reached the target and retraced.back to its support. Still very healthy.

Comments

Great analysis! Your charts are are really helpful! I am learning so much from you!
+1 Reply
@Taurus333, Thank you
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@CautiousChartist All 3 merger stocks(Hathaway, network 18,den) locked in upper circuit today. I had Hathway shares at average price of 24 and sold at 45 before UC. Lost some more gains if I had not sold.
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@Taurus333, Trailing stop loss is the key
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Taurus333 CautiousChartist
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