This fundamentally SIP-type stock is consolidating in a very narrow range since quite some time. Expecting to see a breakout with heavy volume soon. Keep a watch!
Accumulation going on as per Wyckoff method. Also bottom has been tested multiple times in the stock.STOCK HAS FORMED THE BOTTOM, FIRST TARGET 2550, SECOND TARGET 3100, SL:2000. Note:The stocks discussed do not constitute Investment advise and is merely an effort towards enhancing learning,knowledge and bookkeeping. Kindly do your own due diligence and or consult...
Good to buy for long term postion. it is touch 450SMA and looking for long.
Stock has seen a breakout from the 3 month range in yesterday's session. The breakout happened with good volume as well. RSI is also in alignment with the breakout. Now if stock sustains above 2400 levels, there is high chance it is moving towards 3000 and 3300 levels. Trade type : Positional Risk Reward :