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finvestar
Nov 30, 2023 8:10 AM

#Long on AHLUWALIA CONT ; Multi-year Channel breakout Long

AHLUWALIA CONT LTDNSE

Description

AHLUCONT traded within a rising channel for almost 10 years till Mar '2020. It then took support at the lower end of the channel in Apr '20 rising from a low of 136 to CMP of 852 (gaining 525%) to form an ascending channel.

The stock has also broken out of the succeeding channel rising 25% in the ongoing Month of Nov'23 itself forming a large bullish candle.

Comment

Target 1 achieved!!

Comment

Target 2 too achieved!!!

Trade closed: target reached

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