The stock fell into distribution and consolidation after the trend reversal from 54 points. It has broken out of the consolidation and is now a good buy. We can re-target 54, taking a 50% quantity profit there, and then wait for a breakout when it closes above 55.
Disclaimer: I personally hold BANG OVERSEAS LTD.
For education purposes only. Not a SEBI registered broker. Please ask your financial advisor before investing.
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