The stock has consolidated in the range of 100 to 125 for almost 30 weeks forming Inverse Head and Shoulders (with double shoulders) and has given a breakout at 125 and also completed pull back forming a small descending triangle pattern and today broken upside the descending triangle with volume and so comfortable target for the stock would be minimum 150 in a short term. All other indicators are also quite favourable for a consistent up move and the stock is trading above all major moving averages. One can go for an immediate buy into this stock with a short term persepective.
MY SINCERE WISHES FOR A VERY PROSPEROUS NEW YEAR 2013 TO EVERYONE OF YOU
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