Go long for near term T1 276 & T2 290 with a STOP LOSS of 245.
Closed above the RESISTANCE ZONE/AREA. The higher than average volume helps confirm this breakout.
Strong fundamentals, Good management, Low Beta. This is indeed a gem one can hold onto.
Buy for near term (8-12 trading sessions) targets mentioned on the chart. Fundamentally strong stock - can hold longer for bigger targets.
The stock has closed above the parallel channel. Also, it had closed above its 50 DMA on Thursday 20th May 2021 and pushed higher the next day on the daily chart.
The analyses that I publish are solely for...
The stock has closed above the RESISTANCE/SUPPORT ZONE OF 55.65-55.95. History - This ZONE had acted as SUPPORT/RESISTANCE between NOV 2016 - OCT 2017. Buy for a near term TARGET OF 64.70. We have a Rounding Bottom Pattern breakout and there is a Very High Possibility of hitting the TARGET in the near term.
This is a High Conviction Trade backed by rising...