Possible trend breakout in Railtel?

From the past few months stock was in a down trend, now it has finally given breakout from its consolidation. Previously price level of 105-108 was acting as a resistance, now price has closed above this level indicating a possible shift in the trend.

If stock manages to sustain above this price, we can expect a decent rally in coming days. All possible targets are marked on the chart. Stop-loss can be maintained at 96.

This is just a view, not recommendation to trade. Do your own analysis before making any investment decision.

Do like, share and comment your thoughts.

RAILTEL