The stock had formed a good bearish candle on Thursday and then it opened gap up and maintained the strong momentum with great volume the entire day on Friday also breaking a short term downward sloping trendline indicating a strong upmove in the days to come. It is good buy at cmp with a target of 1685 and a stop loss of 1496.
The major trend of the stock has been uptrend but lately it was contracting in a narrow range forming lower highs and higher lows called the symmetrical triangle. Today it has given a breakout with volumes. Enter if the breakout sustains by end of the day with 464 as stop loss for a target of 525-535.
The stock after moving in an uptrend went into a narrow range forming equal highs and higher lows which is the Ascending Triangle pattern. 2 days back it gave a breakout with volumes and now it is retesting the breakout levels. It is good buy at CMP at 406.5 with a stop loss of 390 and a target of 445.