The above weekly chart showing bullish outlook for short to medium term. Breakout witnessed with high volume. Heavy volumes witnessed in the buy side. Strong positive divergence continues in daily oscillators. The stock now started moving towards 100%, 161.8% projection level taken from 40 to 136 placed at 180 - 240 levels.
As per wave “Wave 3/c is open. The contracting triangle breakout witnessed with good volume.
Crucial support placed at 128 levels.
Buy the stock in the range of 139 – 134 levels (Which is 38.2% & 50% retracement of last week’s rise) with the stop loss below 128 [Closing].
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