It has broken its all time high in 2021 and in good consolidation for 2 years and broken out of consolidation now.
It has broken out of a bullish flag and pole pattern / falling channel pattern in a 3 M timeframe.
One may also consider this for a swing opportunity , RSI intact in all time frames.
Weekly price action shows, that the stock has broken out of falling channel, retested and reversed Consolidated for 7 weeks. Weekly RSI took support at 60 and bounced. Looks ready for a swing. SL - Previous week low at 3155. Target 1 - all time high, 3880.
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Momentum blast, 7% up.
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Swing trade target of 15% hit. This stock is expected to move further in the short term itself. 3-4 months.
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The stock has taken support, reversal track in play.
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Reversed as per latest price action - as expected. Beautiful breakout after 3 weeks of consolidation.
21% IN 4 weeks, expecting 4400, another 10-15%. A whopping 30%+. Follow me on my Youtube Channel for such quality swing trading stocks - technical analysis regularly.
rameshraman89
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@Rugminik Thank you for this pick, followed you on your YouTube Channel. Please share more stocks like this.