The Byke Hospitality - Probable Consolidation Breakout for new High

For the year ending March 2016, The Byke Hospitality has declared an equity dividend of 10.00% amounting to Rs 1 per share. 

The company has a good dividend track report and has consistently declared dividends for the last 6 years.

Divident Payout History - 

Monthly Chart - 

Weekly Chart - 

Daily Chart - 

* Stock was in the sideways correction was almost more than 2 years, 

* Currently Triangle like pattern breakout seen with announcement of 10% dividend.

* Technically, Flat pattern resistance may faced on top near 180 level.

* Breakout of this level will give range breakout for the year and we may good upside target. 

* Keep Watch!!!