The current price trend has been nicely supported by trend as well,
The stock has breached the multiple time resistance of 148.30 with higher than average indicating a positive signal. And now is moving towards its short term targets of TG1 - 159.35 and TG2 - 177.30, with a long term view at 229.10 .
The past trendline depiciting the targets are very much alingned with the to have a stronger conviction.
CMP - 151.90
TG1 - 159.35 (4.9%)
TG2 - 177.30 (16.7%)
Long term Target - 229.10 (50.8%) ; Long term stop loss - 129.45 (-14.78%)
Risk : Reward Ratio --> 1:3.4
The Analysis is done completely based on personal knowledge and to share with others for educational purpose.
It isn't any sort of recommendation. Please consult your financial advisor before any investment related decision.