ARCHIES LTD. on a BREAKOUT

Archies has given a breakout from horizontal resistance as well as from ascending trend line on a huge volume, more than10 times daily volumes of average 30 days volumes after consolidating over 21 weeks. CMP @ 31.20 first target is 40, followed by second target @ 48.
However, it will not be valid if price falls below 28.20.

Disclaimer: It is not a recommendation to Buy or Sell. It's for educational purpose only.