Breakout with good volumes !!

Stock has given breakout from its previous resistance level of 486 (1.618 fibo level), after 2 failed attempts, with good volumes and closed above that level. One can consider long position with SL 435 on weekly CB, for target of 650 (arrived from fibo level) and above, with 1:3 RR.

Results to be announced next week.

Kindly do your analysis before initiating trade.