The stock has given a positive breakout of the major resistance level of 3308, and has closed with the positive momentum above 20,50,100 and 200 Day moving averages. Stock has also given positive tenken keijen crossover along with the Chickoo cross.
Expect stock to Rally in the coming weeks.
There was a gap down observed on daily chart which is been not filled up for a long time. Now the price action breaks out from a rectangular consolidation and shall reach out to 3280 levels in order to fill up that GAP.
Target: 3280
Stoploss: 3070
