Today, the stock has broken its strong resistance zone of Rs 12,485–Rs 13,172, which it had been trading within for the past 5 months. The stock has given a breakout and moved up by more than 6.57% or ₹862.
Since the breakout, the potential target for the stock is ₹17,225 (Target 1) in the coming weeks, with strong support and stop loss at Rs 13,188.
The stock has delivered strong performance, gaining 68% over the past year and 30% in the last 6 months. Today, the stock also gave an all-time high breakout at the monthly price level of Rs 13,973.
The stock is experiencing good buying pressure and has crossed the 50-day moving average in volume on the daily time frame.