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Elgi Equipments on newer highs creating Darvas box

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NSE:ELGIEQUIP   ELGI EQUIPMENT LTD
In the past three months, the stock price of the company has zoomed 110 percent as compared to a 1 percent decline in the S&P BSE Sense
Company is expected to give good quarter, Price soars high on this very factor
The stock has created a Darvass box pattern it can be considered for a short to medium-term trade, with profit booking in the mind, the stock has soared 34% in 4 days on strong earnings hope, so keeping a stop loss on 371 we Can consider 500 to be the target
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