On daily chart breakout from triangle as shown in chart yesterday with good volume. indicates some more upside in coming sessions. However Stock could not break 50 DMA and closed slightly below that yesterday. For upside to confirm stock must break 50 DMA and sustain above it for some time. Traders can take a chance and buy this stock at CMP (224 as on yesterday) for short term target of 250.
Stop loss at 214 recommended.
