Multiyear breakout possibile : Usha Martin

מעודכן
Stock consolidating nearing Jan 2008 highs, the stock has rallied form 30-40 levels to 150 on high volumes. currently the volumes have dried as the upmove has paused after giving a good rally, Natural reaction of the stock after upmove. Once the stock breaks out of the 14 year old high, can give bumper move. Any dips upto 115-120 levels can be used to accumulate the stock.
General observation: Stocks after giving multiyear breakout usually rally upto 50-100% in next few months.

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