Again stock has come near multi-year resistance after its failed attempt to cross in Aug 21. But, today it has given close above its previous multi-year high. Now, sustaining and closing above 350 levels on weekly CB would take the stock to new highs in coming weeks, months. Longs can be considered on closing above 350 on weekly CB, with SL 275 on weekly CB for the target of 500+ with 1:2 RR.
Link below for reference of my previous analysis.
Kindly do your analysis before initiating trade.
Link below for reference of my previous analysis.
Kindly do your analysis before initiating trade.
