On the weekly chart, the stock has witnessed a strong breakout from its six months “triangular” formation indicating resumption of its earlier up trend The stock has recaptured its 20, 50 and 100 day SMA and rebounded very sharply Huge volumes near breakout zone implies increased participation The daily and weekly “band bollinger” buy signal reconfirm positive bias The daily and weekly strength indicator RSI signals positive crossover indicate rising strength The above analysis indicate upside of 250-262 levels. Holding period is 3 to 4 weeks.
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