The stock is about to break multi year breakout above 300 levels. All white good companies are doing good....look at Amber Enterprise, Bluestar,IFB industries. You can wait for the breakout or trade the retracement. Target cannot be given as the stock will be in ATH (All time high) zones. SL at 275/-
Resistance levels of Rs.225 has been broken on the charts. Buy at retracement levels of 220-230 and enter for a target of 355/- (50% upside potential) for a period of 3 months.
The coming days are expected to be very volatile because of Mega events in near future (US elections). Nifty is short for me. If Monday i.e 05.10.2020 opens gap down and the down fall continues and breaks the important levels of 10,800, we enter the bear phase. Bullish view only above 11,600 (closing).
