As we look into the chart development we can see that stock has done the 9 months consolidation on chart now.
also it made 9 month high today.
as per the technical chart, we can see that its a “ASCENDING TRIANGLE” development on chart, with the tops in a range of 480-500.
even rsi also developed “SYMMETRIC TRIANGLE” on charts. and able to break it successfully, and now moved into overbought zone.
its also a development of “BULLISH POSITIVE DIVERGENCE” on chart.
so overall basic study indicate that stock has able to change its trend now.
one can try to buy in a range of 480-520 at down side with the support to consider at 420 or one can enter above 545 level with same support level as sl. if movement continued then stock can give target of rs. 650-800-1000-1150 in coming days.