Cmp : 43.40
Target : 65-80
Time frame : 1-2 yrs
Stop loss : 34
Criteria for selection
As per chart it is in up move since 2014.
It is in the process of making a rounding bottom formation also known as cup and handle patern.
For the first time it gave a close above 2010 levels as per monthly chart. It gave a break out by giving a close above such levels.
The buying range of the stock is from 34-48
Once it crosses 48 and gives a close above such levels it can run suddenly
Target : 65-80
Time frame : 1-2 yrs
Stop loss : 34
Criteria for selection
As per chart it is in up move since 2014.
It is in the process of making a rounding bottom formation also known as cup and handle patern.
For the first time it gave a close above 2010 levels as per monthly chart. It gave a break out by giving a close above such levels.
The buying range of the stock is from 34-48
Once it crosses 48 and gives a close above such levels it can run suddenly
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