Stock is rising in an impulsive manner and from the highs of 588 stock has completed an expanded flat correction. After an expanded flat correction the post market reaction is sharp on the upside. Hence, one should look for buying opportunity in the stock for the upside target of 625/650.
TRADING STRATEGY:
STOVEKRAFT: BUY ON CMP (579) SL: 550 CLBS TGT: 625/650