The stock is on the verge to give cup and handle breakout on weekly charts. After taking multiple resistance at 1130, the stock is once again ready to give a breakout on weekly charts. Since the stock has not given a clear breakout one can buy 40% at CMP and accumulate 30%, 30% on each dip upto 1050 - 1000. Even after breakout, stock will test its previous resistance therefore one can buy the stock on given levels.
Targets - 1600, 1800, 2000 Weekly
SL - 980 Weekly
View - Medium to Long term
Time - 1 year plus
Targets - 1600, 1800, 2000 Weekly
SL - 980 Weekly
View - Medium to Long term
Time - 1 year plus