Stock has given a breakout after a consolidation into a parallel channel. Stock is likely to move up towards the 310-315 zone in the coming weeks. Buy with SL of 275 and look for the tgt of 310-15.
The stock is on a multi-year high, closing above the level of 261 last achieved in February 2006.
Bullish candle formation on weekly chart with increasing volume and strong RS line.
On the upside, can expect target of 365 in the medium term. Might also see price retracement till the level of 204 if the momentum fails to sustain.
Strong support at 185-200.
Not...
16 years high as well as range breakout supported by Rounding bottom pattern breakout.
If breakout candle it is supported by volume in weekly chart then it could be much more stronger.
Stock has a potential to reach 440 level.
All time high was 261, now that level is broken.
For the further upside move stock has to close above 271 level with good candle and...
