1.The stock has been in a continuous uptrend with lots of continuation patterns ,which is good for healthy upward trend, higher the no. of valid patterns better it is.
2.The stock just broke out of an pattern , which is again is a continuation pattern.
3. spurt : breakout supported by decent volumes, supporting bullishness.
4. breakout on and trading above 60.
Short term view :
Timeframe used : Daily
Target : Use trailing SL or 50day MA
Take away: entry has not yet been triggered , ideally one should wait for retest to enter.
Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing any investment or trading.