Stock consolidating since 9 months. longer is the consolidation more powerful is the breakout.
since stock is up today 10% buy only partial qty wait for dip till 400 or wait for range break and enter on testing.
All other observations on chart.
Many times I have covered range & consolidation breakouts. Advantages 1. Stop losses are low. 2. Kicking out by hitting SL is occurs rarely. 3. Breakouts are of high intensity, Quick gains. 4. If you have entered in the lower end of the range & breakout fails, you still get good exit. 5. Profit probability is higher.
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Upper circuit Today. There's a minor resistance around 480 now