Expecting strong momentum due to strong bullish divergence in RSI on weekly TF.
Price bounced nicely from support and broke out of the bull flag with increasing volume.
It can retest 100-105 levels during this correction phase before blasting off higher.
I believe infra and realty sectors are going to boom this year, it will positively impact steel and cement stocks as well.
Buy around 100-110 levels
Target 1: 185 (75% ROI) Short Term as per bull flag
Target 2: 280 (165% ROI) Medium Term as per cup with handle.
Both the targets seems achievable by year end.
My studies are purely based on TA, Do Your Own Research before trading or investing.
Peace !!
Price bounced nicely from support and broke out of the bull flag with increasing volume.
It can retest 100-105 levels during this correction phase before blasting off higher.
I believe infra and realty sectors are going to boom this year, it will positively impact steel and cement stocks as well.
Buy around 100-110 levels
Target 1: 185 (75% ROI) Short Term as per bull flag
Target 2: 280 (165% ROI) Medium Term as per cup with handle.
Both the targets seems achievable by year end.
My studies are purely based on TA, Do Your Own Research before trading or investing.
Peace !!
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