The stock has given a beautiful weekly breakout supported by very good volumes indicating a swift and powerful breakout. An entry at a possible re-test of the break out levels would be a good entry point from a medium term point of view! More strength can be seen added in the coming months!
The stock seems to be ready to gain more strength going ahead after a good consolidation of over 18 months! After a false break out with weak hands removed from the script, more strength can be seen coming! As always maintain a SL in the process always!
Can the stock finally be able to break out of its rangebound consolidation that has been ongoing since the past few months? Let's see! A close above the mentioned upper trendline is required with good volumes for further strength to be seen in the stock.