It will be interesting play in coming days. Either it will test the cloud and fail to breach it or will breach it for a bullish uptrend.
Please do your own research before investing.
Stock is at a critical point where it has held its 20 DMA support and at the verge of breaking out of the channel. A good entry point with 52.5 as SL for targets 65.5/79/97
Possible resistance levels have been mentioned in the chart.
Disclaimer : For study/discussion purpose only, not a trading recommendation.
Stock is making a descending triangle pattern giving a sell signal.
One can sell Future Consumers Ltd, CMP 59.75. Stop of this trade will come @ 64 RS and one can target 48 RS.
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Stock taking support at 55, and on daily chart stock reach to 60 from support. We think that stock can go upto 67 and their is resistance at that level. If that resistance broken with good volume then further move will see.