Stock chart suggests that stock has broken out of crucial channel resistance by forming almost tripple bottom at 27/27.5 levels.
Now
it is likely to test MA band near 33-35 levels. Before any fresh action
stock may either go for retesting its broken line or consolidate near
MA band.
Buy this stock only after
corrective action/retesting dip (SL: just below 27) OR breakout above 35
(SL: below 33). We can see 38 in immediate terms and 45/46 levels in
short term.
For any major action:
Upward: Must sustain 27/27.5 and move above 45/46 on closing basis.
Downward: break below 27 on closing basis
Inside range hurdle marks: 35 & 38