RECOMMENDATION - BUY AT CMP
TARGET - 173 , TIME -T +14 DAYS
=> A breakout from a 'triangle' pattern
=>Resilience during the recent market fall.
=>Ability to bottom out before the market - demonstrating strength
Disclaimer : The recommendations mentioned herein are for educational purpose only. One should not take buy/sell decisions based on the above analysis which is prone to errors. The author does not undertake any liability whatsoever arising out of profits/losses accruing from using the above analysis.
TARGET - 173 , TIME -T +14 DAYS
=> A breakout from a 'triangle' pattern
=>Resilience during the recent market fall.
=>Ability to bottom out before the market - demonstrating strength
The positive view stands intact as long as the stock trades above 149on a closing basis. Below this level, the perceived breakout of the triangle will not stand valid and hence the bullish view will not hold water.
Disclaimer : The recommendations mentioned herein are for educational purpose only. One should not take buy/sell decisions based on the above analysis which is prone to errors. The author does not undertake any liability whatsoever arising out of profits/losses accruing from using the above analysis.
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