TCS - bullish trade

Technical analysis -

Nothing much to mention about the chart, few points -
1. Stock price is on decline post results, and not yet participated in IT stocks rally
2. Stock will give a small breakout above 3250 on closing basis
3. Expectation is to touch previous high and even hit a new high

Trade set up -
1. Go long above 3250 on closing basis
2. SL below 3130 on closing basis, a small SL could be below 3170 on closing basis. I would prefer 3130 but it depends on individual risk appetite
3. Initial targets are 3350 and 3390, followed by new life time high