Arvind Smartspaces Ascending Triangle Breakout

Arvind Smartspaces has been in the uptrend since the starting of 2017. For last few months this stock had been moving in a range and formed a resistance at 177. This week we see the breakout and closing above that level with volume. A ascending triangle had formed at the time of consolidation. If it sustain above 177-170 we can expect 210 in short term. MACD and MACD Signal Line crossover suggesting a bullish crosover. RSI is almost overbought that suggest a little bit correction in the stock. A long position can be initiated at or around 170 for the target of 210 with SL at 160