Trade rationale
Weekly: Stock has given a breakout from a downward trendline and consolidating in a small range. The breakout from Consolidation and 0.382 fibonacci retracements will be at 582 after which room for 660 and 712(0.5 Fibonacci retracements) will open. Daily: Stock is taking support at 450 levels and will gain momentum once the previous Pivot 511 is crossed.