Stock is poised for a upmove
Stop Loss 140s levels
Target >178s levels
Stock is reversing from Fib .618 levels an important zone with a hammer candle confirmation followed by Doji and gave a strong closing
The stock broke out of four year range few months back, and retracement of the move seems to be completed. The stock price has now broke out an inverted head and shoulder pattern and may resume the uptrend. Pattern would fail if price closes below 180
All mentioned & plotted on Chart.
My personal View. If matched, Like & Share
As i am not SEBI regd. analyst, take this study as educational purpose.
For taking trade decision Consult with financial Advisor.
Zuari Global broke resistance, retraced and resumed upside. Since it was not already in uptrend the upside should be considered as weak for time it confirms itself as strong. Minimum TGT of 112 is expected with trailing SL starting from 98.