* On the weekly chart stock price has formed "CUP & HANDLE " pattern and has given breakout on closing basis
* This breakout is accompanied with increase in volume which supports bullish sentiments ahead
* The daily and weekly strength indicator RSI and the momentum indicator Stochastic both are in positive territory which supports upside momentum to continue in near term.
* Stock price has given positive crossover from its 20 day SMA which indicates positive bias.
* The above analysis indicate an upside of 328.15 - 335.30
* This breakout is accompanied with increase in volume which supports bullish sentiments ahead
* The daily and weekly strength indicator RSI and the momentum indicator Stochastic both are in positive territory which supports upside momentum to continue in near term.
* Stock price has given positive crossover from its 20 day SMA which indicates positive bias.
* The above analysis indicate an upside of 328.15 - 335.30
Comment:
Stock made high till now at 329. 4% up. Intraday.
Trade closed: target reached:
Stock closed at 335.80. 6.17% up Intraday.
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