Intital Breakout @₹64.75 Price Level(Strong Resistance Point). After that, retesting the Support Zone at the same Price Level. Now Today, it has given a strong Bullish Candle at 1-Day timeframe, suggesting continuation towards the target of atleast 90.
Crossover of 20-EMA over 50-EMA suggests to long the stock as well.
Do your own analysis before investing
TAKE SOLUTIONS VIEW
Trendline breakout seen earlier in 1d timeframe, can be a good buy at retest/backtest level which happens to be at around 53-54 zone with a strict stoploss of 52.50 level (on closing below basis only). May show a good upside movement after being trapped in flag for a long time now.
This stock can be considered for intraday (21st May 2021) or short-mid term as it has given good volume breakout. If it retests the 67.3 level you can add some more qty.
Short-mid term swing targets:
T1: 95
T2: 119
T3: 140
SL: below 67.3
