TVSSRICHAK has given a breakout from the pennant pattern, stock was under consolidation from the last 30 days after a strong up move and now it seems that it's ready to resume its uptrend.
RSI trying to keep itself above 60 during the period of consolidation which indicates the strength of the stock. Buzzing volume further confirms the breakout.
It can make a new swing high above which we can witness levels of 2450.
Note
the target of 2450 achieved one can make use of trailing stop loss and can also do partial profit booking here. Enjoy profits.
Trade closed: target reached
the stock has reached the level of 2879 a 25% move all of you are advised to book profits. Enjoy profits.
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