The stock closed at `1154.10 on 13TH July 2017. It made a 52-week low at 804.05 on 14th December 2016 and a 52-week high of 1243 on 06th October 2016. The 200 days Exponential Moving Average (EMA) of the stock on the daily chart is currently at 1022.47
As we can see on charts that stock was forming a “Continuation Triangle” on weekly charts, which is bullish in nature. Moreover, it has given the breakout of pattern by gained around 1.5% in last week. Apart from this, technical indicators are also suggesting buying for the stock. Therefore, one can buy in the range of 1145-1150 levels for the upside target of 1250-1280 levels with SL below 1100.
The stock closed at 115.20 on 13th July 2017. It made a 52-week low at 66.65 on 21st November 2016 and a 52-week high of 116.30 on 13th July 2017. The 200 days Exponential Moving Average (EMA) of the stock on the daily chart is currently at 88.55
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Stock was forming an “Inverted Head and Shoulder” pattern on weekly charts and has given the breakout of neckline in last week accompanied by record volumes so follow up buying may continue for coming days. Moreover, stock took around three years to form the pattern, and got the breakout this week, so the potential of rise is quite strong. Therefore, one can buy in the range of 111-114 levels for the upside target of 135-140 levels with SL below 100.