Stock has broken the sloping trend-line, also closed above 340 levels, on weekly CB after 7 months (April 2021), also closed above 50 and 100 DMA. There is good price as well volume action, seen in this week.
Longs can be initiated with SL as per risk appetite for initial targets of 425, 480 and 500. Since it is a long term hold, gradually stock will reach to its previous ATH levels.
Kindly do your analysis before initiating trades.
Longs can be initiated with SL as per risk appetite for initial targets of 425, 480 and 500. Since it is a long term hold, gradually stock will reach to its previous ATH levels.
Kindly do your analysis before initiating trades.