The stock was moving sideways entirely for the month of November between 74 and 78 and finally broken the resistance of 78 at the of November with very strong volume.
With the price break out after consolidation and the ADX increasing, the stock has a very high probability to go up.
Target 1: 89 (Profit : 12%)
Target 2: 100 (Profit: 25.85%)
SL : 72.5 ...
One of the few stocks thats been showing strength since sometime now backed by strong fundamental news.
Watch out for the breakout to enter. #watchlist
Ps: I know its not conventional but I've intentionally left out that one long tail candle because that was an outlier news day.
I am still looking this will continue to have dribbling drop till 50 , now its not good idea for fresh short when scrip is likely to enter dribbling moves
where the price moves will be very smaller and smaller on daily basis , but still one can look for opportunity in case they want
once it completes this , it will make new move up as start of New Impulse ...