The stock has broke the range and retested - looks good positionally above 74.2 level
Intital Breakout @₹64.75 Price Level(Strong Resistance Point). After that, retesting the Support Zone at the same Price Level. Now Today, it has given a strong Bullish Candle at 1-Day timeframe, suggesting continuation towards the target of atleast 90. Crossover of 20-EMA over 50-EMA suggests to long the stock as well. Do your own analysis before investing
TAKE SOLUTION EQUITY levels ...03/06/2021 (W candle)
TAKE SOLUTIONS VIEW Trendline breakout seen earlier in 1d timeframe, can be a good buy at retest/backtest level which happens to be at around 53-54 zone with a strict stoploss of 52.50 level (on closing below basis only). May show a good upside movement after being trapped in flag for a long time now.
Fib Retracement show positive signals and volume spikes are in favorable condition. Also Market Cipher is positive and target level look nice
Take Solutions Range Breakout Buy Take Solutions, CP - 68.35 Strict SL - 54.2 (WCB) Target - 99++
It is only for educational purpose. Do your own analysis before buying
Details are mentioned in chart,
With a big turn around in the fundamental, it's a long term investing choice in Take.
Analysis updated in chart. Please consider hitting like and sharing if you find it useful.
This stock can be considered for intraday (21st May 2021) or short-mid term as it has given good volume breakout. If it retests the 67.3 level you can add some more qty. Short-mid term swing targets: T1: 95 T2: 119 T3: 140 SL: below 67.3