Buy at CMP 63.6 and hold position till 75. Further move to be decided once it crosses 75 else the position is squared off. SL 60 shall be maintained on day closing basis.
with the news of takeover very close, this could turn out to be a trade worth taking.
In monthly, it seems a complete elliott wave cycle is complete, and stock has bottomed out.
in weekly, we can see that, round bottom is forming and fresh impulse already started here.
round bottom pattern tgt
so with a sl - 54, 1st tgt - 95, 2nd tgt - 151, long term tgt - 500.
The stock is heading upward and rising form consolidation range , One can expect to brake 103.70 and close above can expect to Make 121
after that we may see some pull back , but surly we can expect Making it 200+ in 3 to 4 Months
Again this is only for education not to be treated as potential advise