Breakout plus retracement done also taking good support from 200 MA
It Breached 3 Yrs Old Trendline !! May face 514 As Resistance level. BUY ABOVE 515 !! POSSIBLE TARGET 580 NOTE: This Analysis Based On 1 Week Timeframe, Targets May Achieve Within Period Of 3 to 6 Months. Feel Free To Ask For Any Technical/Fundamental Query Comment Down Below Educational Purpose Only.
In some previous trading days exact 50% retrenchment done successfully next shown here.
Long Hindunilvr above 1713 Stop-loss Below 1692.50 Target 1795 ( Target Set as 1: 4 RR ) Other confluence. 1) Price Stopped at 50% Re. of Previous Swing. 2) ABC Correction - zig zag - Price Stopped at 1.272 Extension of Wave C 3) Inverted Head & Shoulder in Lower Time Frame of 60Min.