After being in a long period of downtrend the stock has earlier broke the neckline of Inverted head and shoulders pattern and moved by 40 points. It is again on a verge to retest the previous neckline which will act as support now. So looks good for 202 as first target.
stock has formed base after fall on monthly timeframe..price has took double bottom which is a sign of bullish strength and breakout conformed the pattern
it has given ascending triangle breakout in weekly chart. one can accumulate between 126-116. we may see around 185/220 in coming weeks. view negated below 90
no volume builtup seen in recent time
only at breakout volume is not good
spike volume is also not good
lets see if sustain hurdle of rs 116 it will be successful breakout
Scrip has already shown gap up from consolidation channel with higher volume however, Long-legged doji has appeared
Long-legged doji
Convey a sense of indecision or tug-of-war between buyers and sellers. Prices move above and below the opening level during the session, but close at or near the opening level....
