Arvind Ltd Ascending Triangle Breakout

Arvind Ltd have given the breakout of ascending triangle that has been forming since last 1 year. This stock surge around 10% last week with more than avg volumes. This breakout can push the stock to 520 level that is the target of the triangle. The crossover of MACD and MACD signal line showing the shifting of momentum in the stock from consolidation to uptrend. RSI at 67 suggesting strength in the stock movement. The Stop Loss would be place below the 50 EMA where stock has been taking support.