Lately, the stock has been trying to break the previous swing high of 135.50 on the back of high volumes but has been unsuccessful on at least four occasions in the previous attempts. The direction of movement for the stock will depend on whether the stock gives a breakout or a breakdown from a range of consolidation from 108-135.50. Below are the possible scenarios as per my analysis
CMP - 119.75
Breakout above the level of 135.50
T1 - 167.00
T2 - 180.00
SL - 108.00
Breakdown below a level of 108.00
T1 - 95.50
T2 - 85.00
SL - 108.00
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