This Stock Broke out from a resistance zone of 1600-1640 which was tested several times and today managed to close above it with green candle. This chart can be a long term proposition to go for because most favourable risk reward it’s offering with good base building also done on lower levels.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis. Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.