Multiyear All Time High Price Breakout in Supreme Industry

Multiyear Blue Sky Zone Breakout in Supreme Industry from Midcap sector. The company has moderate volatility with Beta = 1.23 times the NIFTY. The company has good and consistent fundamental results from the last five to six years with revenue growth of around 6 %. In the last five years company has increase his market share from 23.4 % to 31 %. The stock has provide strong Triple rounding bottom pattern breakout. Stock has attempted to break all time high price in year 2018 after touches this high peak in July, 2017 and stock again attempted to break in Feb., 2020. My First Trade Target is Rs 1540 and second target at Rs 1640 with a stop loss Rs 1240. The stock is consolidated at breakout point from last month which gives high momentum breakout in near future. Stock holding horizon from 3 months to one year.