Earlier recommended on 10.02.12 for targets 277 {nearly achieved as closing today 275}
Script has breached neckline of Head & Shoulder Pattern earlier & even sustained well over 50EMA Moving Average. Upward target from neckline is 102points {244+102=346 Level}.
Now if closes above 277 then heading for positional target of 349 which is 200DMA as well as resistance Level {Coincidently it is also target of Head & Shoulder Pattern}
BUY on breach & close above resistance level of 277 with Stop below its previous Support level &can Book Profit near resistance zones, mentioned below OR may keep for Target near 346-349 levels.CMP 275.
RESISTANCE – 277, 291, 300              SUPPORT – 265, 258, 250