1. Before this move, the stock has gone in a very low slope uptrend signifying an accumulation.
2. This trend retracement has taken support at 0.5 Level and also on 44 EMA and now moving with a good momentum.
TARGET TILL Previous High 2420/-
If the Closing Candle closes above the 1403 - 1405 region(with comparative high volume), then we will most probably witness a target of 1530 and might also see a 1580 level. The Target Time will be anywhere between 10-15 days.
Do comment out if I missed or misinterpreted something, I am new to Technical Analysis.
The share seems to have given a breakout on 200 EMA and now taking crucial support at it. There has been an increase in Volumes since the past week which strengthen the uptrend. RSI is also in line with the trend.
Results are due on 05th May, if it turns out to be positive, the rally may go beyond the short-medium target of 60/- and touch the heavy resistance...
