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Soham-18

Andhra Sugars - Ascending triangle Breakout with Volumes

Long
ANDHRA SUGARS (NSE:ANDHRSUGAR)  
Soham-18 Updated   
NSE:ANDHRSUGAR   ANDHRA SUGARS
Trend Analysis Chart Patterns Ascending Triangle ascendingtrianglebreakout breakouttrading
3
0
trendanalysis chartpattern ascendingtriangle ascendingtrianglebreakout breakouttrading
- Good Fundamentals (Increasing Top and Bottom line figures)
- Breakout from an Ascending Triangle pattern with volume expansion
- Stock has volatility and thus a retest after the breakout is expected
- Good entry level at 367 with a stoploss of 316
- A consolidation near the breakout zone is expected
- High volume noticed in many other sugar stocks
Comment:
Entry Missed but stock went with great momentum!
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