HIMATSEIDE Potential long term weekly breakout

The stock closed at a 6 month weekly closing high with above average volumes and is now touching the resistance trend line. It would make sense to initiate a long here with a DCB stop loss of 85.5 (check daily chart to see the stop loss level). The first target is the near term resistance of 97 odd but a more sensible medium term target would be 119-120.