On monthly chart, stock has given breakout last month from CUP & HANDLE chart pattern with moderate volume which is bullish sign. Stock is also holding its important psychological level of 500 since last month till date. On daily chart stock is trading above all its key moving averages like 50,100 and 200 but below 20 DMA which is positioned at 515. Traders with short term and medium term view can buy this stock with target at 550 short term and 600 in medium term.
Stop loss should be kept at 485.
CMP today is -513.95.
