The stock was in accumulation for the last one month. It broke out of the range with good volume and formed a higher high. The market structure is now Bullish. The price broke out of 200MA and retested it successfully to turn it into support. A somewhat inverse head and shoulder pattern can also be seen.
Targets: 158, 183, 219.
You are always advised to use an...
HAVE ITS TREND LINE BREAKOUT FEW DAYS BACK
RSI IS BETWEEN 20 AND 30
SUPPORTING : EMA 50
LOOKS GOOD FOR THE MARKED TARGET OF 170,185,210++
WITH A STOPLOSS OF 135(PURELY ON BASIS OF CLOSING)
NOTE : TARGETS ARE PURELY ON THE BASIS OF FIB RETRACEMENT TOOLS
IDEA IS FOR STUDY PURPOSES ONLY , CONSULT YOUR FINANCIAL ADVISOR BEFORE TAKING RISK.