Ankushkokane

Range Breakout in Adani Total Gas Ltd.

Long
NSE:ATGL   ADANI TOTAL GAS LTD
As you can see the candle js trading out of range or you can say resistance zone . If candle manages to close above the 938. 40 level can go long for the above given targets in the chart which happens to be 965 and 985.
Will suggest to go long with the strict stop-loss below the 935 level (only on closing below basis).

THIS VIEW OF MINE IS PURELY BASED ON TECHNICAL CHART, BEWARE OF NEWS AND OTHER FACTORS WHICH CAN AFFECT THE MARKET SENTIMENT.
Comment: Since it has cleared the resistance zone which was supposed to be around 985 level, would suggest to go long with the stop-loss of below 985 level (on candle closing basis).
This stock will show 1175-1200 level very soon. Hold if you've already position, one can go for fresh new buying here at these levels (CMP)
Trade closed: target reached: gained more than our target. one can think of book 50% profit here.

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