Looking at the broader time frame we get a fair idea that breakout is with huge volumes and since last 1 week this stock is booming all over the roof. Accumulate at lower level even if it’s fall in tune of 60-65, Target seems sky’s the limit here on a longer duration.
I’ve been tracking and recommended this stock since 340 level. It has almost doubled in the span of 6 months.
I’m still bullish with this stock and have potential to touch 700 again.
A clean head and shoulder pattern at the top and at every bottoms there’s buying.
There’s a huge price rejection by bears at the top levels - look at the candles showing bearish engulfing the green candles in the charts.
Tgt - 100-200 points
SL - 200 points
You may also enter PE position of 2400-2300 or Short CE above 2500
Would like to know your views too. Pls comment.