As discussed in last post Sinner did Rs 15.9 above Rs 14 . Stock has also seen a decent correction of 10% from recent high,today low seems to be a short term bottom as it’s formed near the breakout trendline as shown in below chart.
As seen in below charts,stock has retested and closed above breakout level on weekly basis accompanied by volumes. The Height of Channel is 3 points for Stock can rally all the way towards 17 Rs in short term. EW Target of Rs 18 is also on track.
Fresh Trade can be taken in range of 15-15.2 With SL of 14 Tgt 15.8/16.2/17
The above Stocks is not investment pick as I am not expert in Fundamental analysis but a short term pick for gain of 10-20% purely based on Technical Analysis based on my Studies.Please also do your own study before trading this stock and trade in small quantity also be strict with Stoploss.Bramesh Bhandari and his family/associates/ analysts would have exposure in the securities mentioned in the above article.