AFTER THE LONG DOWN TREND..LOWER LOW LOWER HIGH ICIL INDICATE TRAND REVERSAL WITH HIGHER HIGH HIGHER LOW
IF THE TUCH 55 AND SUSTAIN ABOVE 50 AND BETWEEN 52-53 THEN MADE INVERTED HEAD & SOLDER PERTTEN
TARGET : HOLD FOR LONG RUN
SL : 39.90
As per daily candle chart, there is clear upside descending triangle breakout. Those who are looking for good investment opportunity can invest in this gem with stop loss below 720. The view here is for short to medium term.
All Indicators are positive. Inverse Head and shoulder pattern formed after breaking the neckline it ll confirm that pattern. Trend line breakout happened. All these factors will help to move further.
Targets are mentioned in Chart.
The stock was is in an uptrend, recently following a headwind moved down. The longer term uptrend is still intact. Showed a lot of strength today and entry was made.
Immediate target 180 and stop at 164