As it gave a breakout after that the stock was moving in a channel .So we expect the stock will give break the channel in upward direction and will hit our target of 90.
Volume also looks good. Subscribe for entire analysis
WAIT AND WATCH STRATEGY!!
CAN SHORT IT IF 1) THE NEXT CANDLE IS GAP DOWN OR EQUAL TO THE CLOSING PRICE OF SHOOTING STAR CANDLE (AND)
2) TILL IT BREAKS THE LEVEL OF RS. 58.05 FOR ENTRY WITH A FIRST TARGET OF RS. 48.2 AND SECOND TARGET OF RS. 42.90 WITH SL OF RS. 77.20.
NOTE: ONLY FOR EDUCATIONAL PURPOSE ONLY.