Earlier we recommended the counter around 43 levels with Price Target of 55 and as per our expectations the counter achieved our Target delivering whopping return of almost 28% in no time. Again after retracing to its key demand zone around 35 levels the counter started steady recovery.
On a daily chart the counter seems to have given a Symmetrical Triangle Breakout with decent surge in volumes. On a weekly chart too the counter is showing very strong momentum. With Technical Indicators looking quite bullish on both daily and weekly charts the counter is expected to continue its northward journey in near term and might challenge its previous high around 55 levels.
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