Horizontal Breakout in ANANADRATHI

ANANDRATHI

#ANAND RATHI WEALTH LTD (1D Chart)

Trend: The stock is in an uptrend.

View: Bullish

Structure: The chart shows a potential upward move, as it is forming a strong horizontal resistance zone and a breakout of 4300+ will give us a good momentum move and once it sustain above the level on day closing basis We can carry it for swing also

Entry: 4,300+ Don't enter in spike wait for 5 min candle close.

Risk: previous swing low level marked on chart Stoploss Level: 3,987 (Red Line)

Targets: 4,521 INR, 4,766(Blue Lines)

The Industry outlook is also bullish as in last week the most of stock from this stock broking industry have given breakout and good follow up moves now lets see for #ANANADRATHI

Use Proper Position sizing and always follow stop, make sure you study the chart.

Keep learning Happy trading.