Stock is in bullish trend with higher high higher low
Currently price is trading @ falling trend line resistance, today stock closed with above average volume indicating accumulation. On EOD stock has formed higher low @ 20DMA which is placed around 1412, with price trading above key moving average expect bullish trend to continue.
Going forward close above 1435-1450 zone will confirm breakout and higher levels up to 1490-1510 will be seen
Support exist @ 1410-1360, till these levels are not broken expect bullish momentum to continue
Trade long in range 1400-1430 add further on close above 1450 with stop below 1350(CB) for targets 1510-1610
Medium term target will be 1800+
Currently price is trading @ falling trend line resistance, today stock closed with above average volume indicating accumulation. On EOD stock has formed higher low @ 20DMA which is placed around 1412, with price trading above key moving average expect bullish trend to continue.
Going forward close above 1435-1450 zone will confirm breakout and higher levels up to 1490-1510 will be seen
Support exist @ 1410-1360, till these levels are not broken expect bullish momentum to continue
Trade long in range 1400-1430 add further on close above 1450 with stop below 1350(CB) for targets 1510-1610
Medium term target will be 1800+