The stock has broken out of the classic cup and handle pattern supported by very high volumes.
It is expected to follow on the trend and can be bought at any price between cmp and 428.5 for a target of 838 and 900 in near future.
The stop loss can be maintained at a little below 420 level, which was the resistance level before the breakout.
Supporting technicals:
RSI: 68.1 ( Bullish but not overbought)
ADX: 26.1 (Suggesting strong trend)
P.S: This idea is for educational purposes only and should not be construed as an investment advice.
It is expected to follow on the trend and can be bought at any price between cmp and 428.5 for a target of 838 and 900 in near future.
The stop loss can be maintained at a little below 420 level, which was the resistance level before the breakout.
Supporting technicals:
RSI: 68.1 ( Bullish but not overbought)
ADX: 26.1 (Suggesting strong trend)
P.S: This idea is for educational purposes only and should not be construed as an investment advice.