An ascending triangle is being formed between the resistance at 355.25 and a long term trend line
The stock is taking support on the long term trend line.
The resistance too is being tested multiple times forming higher lows each time
This will eventually break out the resistance and the next target can be at 375 levels.
This is expected to reach by another 15...
Support/Resistance levels from recent trends found at
12.1
13.05
14.2
15.65
Currently the stock is trading at 14.2 levels
MACD indicator signals buy (however it should be understood that this indicator is a delayed)
RSI stands at 58%
It is safe to bet at 14.2 levels to a target of 15.3-15.6 ish levels in the next 5 trading session.
There is a strong uptrend in the stock from past few months.
Upward movement in prices observed after retracement of price in upper highs.
RSI levels is currently at 71%.
This stock will hit 400 levels as per trend based fibonacci extension tool and Fibonacci retracement taken.
