Stock@363.45 is attempting towards its 52 week high. Stock has given breakout on daily chart but has major resistance of 371 so one can slowly build the position at current level also. And if it sustains above 371 then it can touch the level of 385 & 420 going ahead.
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CMP: 363.45 Dt. 10th Jun 2019
For short to medium term trading one can follow given supports/resistances.
Major Support-1: 350
Major Support-2: 340
Major Resistance-1: 371
Major Resistance-2: 420
(Note: Whenever price closes below its Support level or closes above its Resistance level then further move in that direction will accelerate. If it does not then it is advisable to accumulate near to support & book the profit near to resistance level.)
Above details are my personal views on the Stock so please do your own analysis before doing any trade/invest.
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