For:
-Closed above the long term support/resistance at 79.
-Promoter pledge is reducing quarter over quarter.
-Movement in the parallel channel.
-Good buying volumes.
-Targets are marked out in Purple.
Against:
-Holding period would be a couple of months.
Advise: Buy on retest of the support line or buy at the channel breakout. SL would be a weekly close below the channel and confirmation thereof. Conservative SL would be 79 on weekly CLBS.
Disclaimer: I am not SEBI registered. Personal opinion and charts that I share are for educational purpose only. Not recommendations.
-Closed above the long term support/resistance at 79.
-Promoter pledge is reducing quarter over quarter.
-Movement in the parallel channel.
-Good buying volumes.
-Targets are marked out in Purple.
Against:
-Holding period would be a couple of months.
Advise: Buy on retest of the support line or buy at the channel breakout. SL would be a weekly close below the channel and confirmation thereof. Conservative SL would be 79 on weekly CLBS.
Disclaimer: I am not SEBI registered. Personal opinion and charts that I share are for educational purpose only. Not recommendations.