IND - 322.50p .. I see that quite a lot has happened since you made your request, and I'm sorry that my reply is now probably too late, but if its any consolation, my reply would probably have been incorrect, so you were probably better off without it.
Its 'all-data' chart shows how its recent movement has seen the price go almost vertical in comparison to its movement over the previous 5 yrs .. with the price reaching an upper range that I see, of around 350.00p - 400.00p put in place at the beginning of the chart ..
Having risen so sharply from the 260.00p level to a buying peak of 360.00p, I would have thought it unlikely that it would have had the strength to be able to hold within that range .. and I would therefore have expected retracement with profit taking, with the 300.00p level providing solid support .. and then a 'pennant formation', possible centred around the 325.00p level, as it regained its strength for its next upward move.
The fact that it subsequently 'closed' below the 300.00p level for 3 x consecutive days, and had then almost returned to where it started, I would probably have treated as a possible 'warning sign' that the price had overstretched itself, and needed to rebuild its strength for a steadier approach .. I would not have expected todays sharp bounce, with a closing gain of 19.44%.
For the medium term, if it 'closes' above 350.00p, then I reckon it still has the potential for more upside .. but at the moment, with its very sharp movements, its rather unpredictable, and I am unable to say what is likely to happen in the short term .. ideally, as I stated before, it should 'settle down' for a brief period of consolidation between 300.00p - 350.00p, before moving upwards at a much steadier controlled pace .. quite an exciting stock at the moment though.
