This stock has shown a strong breakout above its resistance of 637 (50 DMA on 4 Hr. Chart). Today this stock is up more than 16% and is trading near 592. But at current levels we see this stock has become bullish and can test its next resistance of 745 in near term. On NSE, the stock was trading with huge volume of 3.4 million. Fundamentals of the company are very strong and healthy.
we recommend to accumulate this stock for short term, Enter Buy position around 670 – 695, for target of 745 and 773. Stop loss should be placed near 650 levels.
Definitely good stock to buy, with 12% upside potential in short term.