HT MEDIA expected breakout level 143 down side support level, expected up move till 180-220-280
as per the chart development we can see that after a long time stock is entering into pattern of higher high and higher low in last 3 months period with the enough consolidation and looking to move up now.
we even notice that stock able to move above long term resistance level and also crossing the rising resistance of “SYMMETRIC TRIANGLE” .
even it has done a good volume at consolidation stage, so if we see more volume coming at or after breakout level then it can give more confirmation to the breakout point.
if we notice rsi development then there is a clear development of “SYMMETRIC TRIANGLE” and a clear divergence case now.
even though rsi moved into overbought zone but it doesnt mean that stock is overbought yet, as price is moving into new recent range so this might lead into some fast forward move if volume support at time of breakout.
so overall view is stock is trying to move out for up move now, so if it able to put a green candle or able to close above mention level on chart then we can expect a good up move in stock.