This sahre is crossed above 50 ema in weekly chart and good volume hear .After a long time consolidated moved up
147 -148 and also 2% deep this share buy for short term
next target is 165 +++++
Closing basis stop loss is 129
up trend in daily and weekly time frame.
Note: This is for educational purpose only.
There is a symmetrical triangle bullish breakout on weekly chart with ultra high volume. RSI above 60 indicates bullish momentum as well.
The stock closed at a 6 month weekly closing high with above average volumes and is now touching the resistance trend line. It would make sense to initiate a long here with a DCB stop loss of 85.5 (check daily chart to see the stop loss level). The first target is the near term resistance of 97 odd but a more sensible medium term target would be 119-120.
