What is interesting is that the stock was trading in range bond form 2010 Now it broke the range and trying to retest the support at 330 if price holds at 330 and rebound then we can look for new higher high in the stock , the only Question is weather the intuitional investors are keen in rising it further high ?? lets wait and see coming days price movement will...
One Can Look for Entering after Price retrace up to 306/307 with Stop of 301 for Target of 328
But its still messy weather the price will really move further High
Have to wait and watch the movement
Cheers
Its observed that its been in Ranging from 14 March and Price rejection on High is indication of further downside movement , I can consider two possible short trade set up
01) Sell on Rise at or near 318 for Target of 306 With SL 321
02) if Price fails to move up and brakes down the support of 305 the Go for short selling at 305 with SL 308 for Target of 296...
Enter Near 280 With SL of 278, Target 285 , IF brakes 278 then Next Rebound will be 271/272 With SL 268 Target 285/290/316
Short term holding but Make sure weather Price stands at 280 if brakes below 279 then Good to Catch at 271 for Short term Holding
