1. Stock has made double bottom about 71.50 and broke out the neckline in JAN then corrected to 200EMA, it again made the same highs after which dividend of 7.50 was declared. 2. Price may reverse from these levels as volumes are also draining. 3. Initiate Long @92.55-94 Target @102 SL @90 1Lot = 6500
no thats not a double bottom. Its a uptrend graph. the two lines which you have made are correct and the bottom line is the time to buy the up on is the time to sell. Simple Price Action I have set a target of 106 rupees.