Since breakout (May'22), the stock given a return of 100% and retrenched to fib level. On analysis the chart the on shorter time frame, solid strength visible for long term investment and expected target will be Rs 580.
The stock was consolidating in range of Rs 219 – 260 from past 3 months, clear resistance breaks visible in chart.
Golden Crossover, the moving average crossover of 50 & 200 showing confirmation of a long-term trend and volume confirm the strength in breakout.
Thanks
-AJ
Disclaimer: The chart analysed for educational purpose only.
The stock was consolidating in range of Rs 219 – 260 from past 3 months, clear resistance breaks visible in chart.
Golden Crossover, the moving average crossover of 50 & 200 showing confirmation of a long-term trend and volume confirm the strength in breakout.
Thanks
-AJ
Disclaimer: The chart analysed for educational purpose only.
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stock given a 80% return from support level in past 7 trading session.
Trade stängt: målet nått
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demerged company "Red Tape" listed today with 80% premium.
