RANEHOLDING:
stock trading at 560
rising lower trend line (support)
decending upper trend line (resistance)
and price compression happening at 574 zone
clear breakout price action above 593
we can buy the stock from 560 current market price till 550
for positional short term targets 593/614/653/713++
keep stop loss at 523 on closing basis
note : 20% potential...
Stock is in the accumulation zone. Closing above 630 will be a breakout of the zone. Also stock has very strong fundamentals. On every dip accumulating stock will give a good reward. Also, we can see positive divergence on the daily chart. Good price movement expected in the near time frame.
