Amarajabat counter has given a breakout forming three patterns with Volume
Cup and Handle, Long term support/ resistance level, Triangle Pattern and offering a good RR of 2.53
The counter has already retraced to the Breakout level after breakout.
Entry level: Above - 700
Target: 780.60
StopLoss: 668
NOTE: I am not a professional Trader/ Investment Expert/ Advisor. please exercise your judgement after independent analysis
Cup and Handle, Long term support/ resistance level, Triangle Pattern and offering a good RR of 2.53
The counter has already retraced to the Breakout level after breakout.
Entry level: Above - 700
Target: 780.60
StopLoss: 668
NOTE: I am not a professional Trader/ Investment Expert/ Advisor. please exercise your judgement after independent analysis
Trade active:
Taken support at 600 after breaching the SL after a deep fall due to exiting of strategic investor.
Can hold on to the stock with training stoploss of 620 to reduce the losses as stock is picking up from the support of 600.
Stock fundamentals have not changed
Can hold on to the stock with training stoploss of 620 to reduce the losses as stock is picking up from the support of 600.
Stock fundamentals have not changed