As this stock is little overvalued but having very strong fundamentals. One can start accumulation of this stock in deep. The levels for accumulations are as follows 190/181/174/167/156/150.
These are all Fibonacci retracement level for accumulations.
The targets may starts from 214 / 253 / 273
nice 15 week base with volatility contraction i e VCP. also a triangle pattern.
it broke upper trendline with pocket pivot.
volume shows good accumulation within the base.
good for 15-20% move with SL around 77-76
This is sbi card 4-hour time frame chart.
I have used support and resistance in it and I have used the triangle pattern.
If the candle crosses the triangle, the movement of the market will be up.
TAKE is good software company in Life Science and SCM domain.
It is forming ascending triangle on weekly charts and is good bet for short term.
Stock quality is good; investors can consider it for long term investment.
All plotted & Mentioned on Chart.
For FUTURE Trader Always take position with Hedge
(i.e LONG + Long PUT Option / SHORT CALL OPTION & Vice-versa)
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Disclaimer: Only For STUDY. Not having SEBI registration as Analyst, For Taking Trade Decision Consult Financial Advisor