In the horizontal range over the past 3 months, finding Laxman Rekha at 210, the struggle should not be more this time given the way the other peers had rallied recently. Recommend a long trade on the name with a Price objective of 235 over the next 20 sessions. Stops a must of 190 the previous lows of bullish belt. Not a great R/R trade, but worth attempting it.!!!
The prolonged downtrend more than a year, there were instances of 10-15% up move >20SMA, Attempting from the O/s zone languishing over the past few sessions, Recommend a Long trade on the name with a potential price target of 2180 to the 50% fib retracement of the recent swing. Stops a must ~1850 on a close.
Been stuck for a brief period of time over the past 11months,in the horizontal range 105 - 150, with multiple attempts to move ahead, this time with price >SMA 20, 200, and positive trending RSI, Expect the stock to move above the range with 30% gains over the next 20-30 sessions, With Stops at 200 SMA.