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Support is at 138.50 and is little far away. It is likely that the stock may recoup 4/1 angle and move over 200 in short term. If it crosses 200 in short term, 242 will be the next target.
PERFECT | RISE ON | FALL ON | DAILY
for the fundamentals..
disclaimer.. not an investing/trading recommendation
Target 300, support 230
we will open a trade at different buying levels with a mid term timeframe.
We may see level of 300 in medium term
Medium term target 294.
Reasons for Buy:
1.After a long run stock took some rest and get ready to start a new journey from its retrace level.
2. Positive signal in RSI
3. Upcoming Q3 result ( expect positive result)
Trade explained in chart..(Risky bet)
The stock was highlighted earlier. The price action subsequent to this post has been constructive. A nice range breakout has happened. Keep a watch on this one.
Stock is in a major uptrend. It's been consolidation in a tight trading range in the past few weeks. Price action in the past few days has been constructive and the rally today is promising. A breakout past the high of the range, backed by higher volume will be interesting.
I bought this stock today. Would add more on a breakout. Watch this one !!