Stock was forming consucutive rounding bottoms on chart followed by a big rounding bottom on weekly chart and also given breakout around 150 level after that stock easily achieved first target of 197 and ready for nex big move towards second target marked on charts..this is how price action works
Market shown a breakout in the upside with a big bullish candle, and the volume of the day was outstanding. We have already measure the price range between the resistance and support line and that range paste to the breakout area and predict nearest profit target.
Profit target and stoploss also shown in the above picture.
1. In the last Trading session stock has given very strong volume supported up move of 17.74%
after a good correction
2. stock is trending near it's resistance /52-week high zone
3.if stocks sustain above 176 then one can look for the next target of 200+
4. a very good fundamentally sound company having debt to equity ratio <1
The Company Deals in Providing Services regarding Passport / Visa outsourcing in more than 50+ countries.
The company is Virutally debt Free..
Can be considered as IT stock with Unlock Theme !!
Promoters Holding 74-75%
Financials may See Turnaround soon..
Had faced resitance twice at 125-126 levels.. its better to buy only on watching close above 126 levels.....