On monthly chart, given breakout from downward trend line. Close above 180 require on 28.04.2017.
If closes above that level, on weekly chart, it confirms reverse H&S.
So is it long term buy????
Long term target can be beyond 250...
Break over long term weekly downtrend line will push this up. Further support taken yesterday and today is near about 66% of 93 (915 - 822) from the fall of 915. Which indicates probable formation of cup and handle at 915 level. If it happens, then reverse H&S also being formed at 915 on daily chart.
Should go long in this stock for long term with SL at 821 and...
