Stock giving good quarterly results on a consistent basis. After breaking out of the ATH levels of 3453 it went into 11 weeks consolidation range of 13% and breaking out of base this week.
Stock is up above all its key moving averages.
3453 shall now act as an initial support and 3055-3095 will act as main support and a weekly close below these levels will invalidate our view.
As per the trend based fib 4890 - 5670 - 6660 levels shall be tested in the long term.
Disclaimer: This is just an analysis and not a buy/sell recommendation. If you intend to trade this counter then do your own due diligence and trade at your own risk.
Stock is up above all its key moving averages.
3453 shall now act as an initial support and 3055-3095 will act as main support and a weekly close below these levels will invalidate our view.
As per the trend based fib 4890 - 5670 - 6660 levels shall be tested in the long term.
Disclaimer: This is just an analysis and not a buy/sell recommendation. If you intend to trade this counter then do your own due diligence and trade at your own risk.