Inverted Head and Shoulder pattern - breakout came above 255 levels.
Supply zone 265 -has given breakout above one of the major the supply zone and sustaining it. if it remain above 265 levels for the day or 2 Hold.
Resistance @269 - 270 : new buy position shall be made once it hold 270 levels for a day.
Upside of 20 - 25% possible in near term if everything moves smoothly.
RSI well placed near 70.
Stop Loss - if anyone has made position in it or willing to buy place sl near 258 - 259, if intraday closing comes below it move out of the stock for while as it may retest 245 - 250 levels.
But the view is bullish as has made fantastic and perfect bullish pattern.
disclaimer : views are personal, ask your advisor before taking position.
Supply zone 265 -has given breakout above one of the major the supply zone and sustaining it. if it remain above 265 levels for the day or 2 Hold.
Resistance @269 - 270 : new buy position shall be made once it hold 270 levels for a day.
Upside of 20 - 25% possible in near term if everything moves smoothly.
RSI well placed near 70.
Stop Loss - if anyone has made position in it or willing to buy place sl near 258 - 259, if intraday closing comes below it move out of the stock for while as it may retest 245 - 250 levels.
But the view is bullish as has made fantastic and perfect bullish pattern.
disclaimer : views are personal, ask your advisor before taking position.