- Fundamentally strong company - Breakout from a consolidated range showing a double bottom pattern - Buying pressure indicated by the long lower wicks - Breakout is supported by volumes, however it seems there is huge selling at 2130-2170 range but the net price change on the day is still +ve - Don't chase the stock as it might correct a bit and a good entry can be near 2130-2100 levels - Good for short term as well as medium term trading - Once 2200 level is crossed there might nice momentum
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As expected, the stock corrected and tomorrow also it might face levels of 2127. We may get a good entry after a bullish candle is shown in few days.