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Technical study – if we observe the chart properly we can see that its about to touch its 100 MA level around 114-115 level, so able to cross it then stock can move in uptrend.
trend lines clearly suggesting it has broken the Symmetric triangle pattern on chart and this triangle has the range from 75 to 140 level which is about 65 rs. so as a pattern is broken now so same price action we can see after confirmation of breakout level.
another trend line pattern spotted on price chart that is falling trend line channel or descending channel of trend line, and it has clearly broken this falling pattern now, and now it may look for breakout upside after confirmation on price chart.
though i have not mention on chart, but still there is small pattern form which is of Ascending triangle pattern, if you look closely by joining the recent high and lows of past 4-5 month on daily chart we can spot it perfectly..
Now if you see RSI, its a positive convergence we can see now. first low on price chart was at 102.5 level but that time RSI was at 23.80 level and again 2nd low on price chart was 92 but RSI unable to make any new low, it made 27.23 level, and hence it has confirm the bullish convergence on chart, as per RSI level we could have buy this one at 95-100 range only but still we can assume that this pattern will continue after a breakout confirmation in other patterns.
with all the above patterns and observations we can say that if the price able to move above 115 level and sustain there on closing basis then we can see big breakout move in stock.