After long accumulation, the stock has given Wedge Pattern Breakout with a good and increasing delivery volume. It is taking resistance near 168 of the inside wedge. Closing above 169 will move the price ahead. MACD crossover confirms positive price movement. We can expect a target of wedge pattern as 255 in the near term.
A STOCK IS IN UPTREND IN LONG TERM (MONTHLY TIMEFRAME) AND RECENTLY IT WAS RETRACED UPTO 0.618 LEVEL.
ONE CAN GO LONG WITH THE SL BELOW the low of the previous monthly candle(Rs 116) WITH TARGET AT Rs. 269.