Stock Gave Descending Triangle BO on 6 Feb and also Inverted Head and Shoulder BO if it closes above 85.20.
CMP 85
T1 100 (RR 2:3)
T2 125 (RR 1:4)
SL 75
Overall Rounding Bottom Formation with cup and handle breakout in near term, followed by a retest and bounce back from neckline gives a conviction in this trade setup. Volume should starting coming soon. Can once again touch ATH which was at listing.
Targets - 123, 145, 175 and then 200+
SL - 81 DCB (Below rights issue Price)
Any other views, do comment! Thanks
