The stock looks very interesting. The stock has formed a double bottom at 80.
The stock made its low in March at 35 levels from where it entered into an uptrend which lasted till 140. Thereafter the stock has given a pullback to 80 levels. It formed an “evening star” pattern in July and rallied to 110. Again in August it tested bottom at 80 and thereafter formed a “twizzer bottom” at 85. It is also pushing against its medium term downtrend line which it seems all set to break. Stock warrants a buy with stop at 85. First target is 110 breaking which it should rally to medium term target of 135.
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