A quick analysis post and investment idea with levels.
The stock is running well with the trendline support.
The Trendline is working since 20th November 2020. Along with the trendline, The stock has taken support at 55EMA on Daily Time Frame.
According to the Fib numbers, the support zone has been respected and the stock can move up from here. But, a reversal back to support is also an easy possibilty.
One can make a new postion above 1525 for the targets of 1620 // 1645 // 1677 Keeping stoploss near 1400.
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