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Technical Observations

* The stock has generated a resolute breakout above a bullish Flag pattern signalling continuation of the up trend and offers fresh entry opportunity

* We expect the stock to continue with its current positive momentum and head towards its previous major high of August 2020 placed at 158 levels in the coming weeks

* The stock is seen sustaining above its 200 days EMA signalling positive bias

* The breakout above the bullish flag pattern is supported by strong volume of more than 10 times of its 200 days average volume of 2.2 lakhs share per day highlighting larger participation in the direct of trend

* The daily MACD (12,26,9) is in up trend and is seen rebounding taking support at its nine periods averag thus validates positive bias

Buy Taj Gvk Hotels & Resorts Ltd @ 139.00-144.00 TGT  158.00 SL 132.00

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