All mentioned & plotted on Chart.
FIB Correction 1.618 (GOLDEN RAIO) Near @ 706.86
Though Traded Below "NECK Line" Investor / Aggressive Traders Can Enter Keeping SL: @ Below 700 (Closing Basis)
Bullish Break Out: Above "NECK LINE" i.e Near @ 805 - 809 Zone
Disclaimer: Take this information as study/education purpose only.
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For taking...
While a major flag was playing out in GOA with target above 500, another intermediate flag has also developed within the larger one... With an all time high break out , this one surely looks headed NORTH rapidly!
1. Stock is trading at support line
2. Company had announced its very good Q1 numbers with huge jump in its profits
3. net profit of Q1 is ~65% of total FY17 profits.
4. With three more quarters to go, company is well positioned for FY18.
Note: Please do your own research before taking a position.
Stock has broken out with huge volumes following spectacular result.
A flag has been created. Let's wait and watch any upward move.
A hidden bullish divergence has also been formed.
