A range formed on weekly levels is broken with the big bullish candle. A wedge pattern is also formed which is broken. A long trade can be taken. Although much volume explosion is not seen.
Wait for the trendline to break, there is an old support below, a fib retracement of 50 percent, and a resistance above. Can be bought after a good breakout from the current trendline.
Deepak fertilizer can break resistances above and can make a move upto 182. It has taken support from a long term trendline below. Will be quite a watch at the second trendline.
