Indo Tech Transformers - Short Term Hold 1-2 months

The movement on 04th May has given a good Price Volume Breakout. Target of 270 looks possible in this month. However 300 should not be ruled out which is the recent high.

The Volume has consolidated from February till May. The volume breakout on 4th May can be seen. It is significant and relative to the price movement that has  also resulted in breakout above  the price level of 239. The darvas range has also breached is  holding its position on 238. If this  sustains, we can see a level of 270 in quick time. 

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