A strong rally next week on cards!!If u leave the tops and bottoms , its just amazing at the ways u can use Fibs. On the monthly charts 860 is the 61.8% of the swing , hence the trend is intact. It has broken the first bear zone at 1100, which is now acting as support. The stock will face next major resistance at 1470. On the Hourly charts the stock is exhibiting strength. Every rise is accompanied with heavy volume. Retracements to 38.2% is yet another indication of strength. In short term am looking at 1240 and 1270.
