A fundamentally strong stock that is inching up and has formed Elliott Wave. One more trending and correction ahead. It has been testing the Fib Resistance 78% from couple of times. The breakout at 106.60 should give nice profits which can extend till 141.90. This may take couple of weeks.
But for short term, based on the trend line, we can have below
Going...
Good buy above 700. Volumes building up from the past few days.
Fib pivot 697.80 was nearly tested twice. Including yesterday.
Yesterday low: 687.65
Yesterday high: 697.15
Buying above 700, Stop loss 680, Target 746.
Reward : 746 - 700 = 46
Risk : 700 - 680 = 20
