Reason Being: 1. Formation of Triangle pattern and Expected Upper Breakout. 2. Stock is Forming Higher High Pattern in Daily Time Frame 3. The stock has faced Resistance in the zone of 2125 - 2170 and has been tested multiple times.
Every Price Action Pattern after breakout provides some Target Range and according to Triangle: Entry Price: Above 2200+ Target Price: 2700 and then 2850 View Negated Below: 2060 in Closing Basis.
#Disclaimer: I'm not a SEBI Registered Research Analyst, These are my views, please consult your Investment Advisor before buying and selling any position. This is just for Education Purpose.