Stock just broke cup and handle pattern which is bullish in short to medium term. Stock also trading well above its 20, 50, 100 and 200 DMAs confirms the bullish trend. This upmove in recent time was very sharp and on daily chart stock is now overbought as per stochastic which is now above 80 (overbought territory) so some correction may come making new higher bottom in coming days which if forms will further confirm the uptrend.
Stock can be bought at CMP or traders can wait till some correction till 480 with short term target of 550
and medium term target of 600-650.
Stop loss for short term target should be at 475 and for medium target at 460.
