rahuljaiswal1580
Long

TRIANGULAR BREAKOUT & TRENDLINE SUPPORT

NSE:CADILAHC   CADILA HEALTHCARE
After forming back to back red candles from last 9 sessions, stock has seen some profit booking today. Also taking support of the lower trendline it has given a breakout from triangular pattern.
It has also witnessed some strong OI today and a positive price change with strong OI clearly depicts long build up.
It could rally more for coming few sessions. Let's wait for some price action.
Keep a close watch on 15-VWAP for intraday!

Important support: 352-356 levels

Disclaimer: Take this view only for educational purpose. Trade on your own risk.
Happy trading!

Comments

Rallied almost by 12+ points. That's more than enough on a lot size of 2200 qty for cadila. Hope you all liked the analysis. Happy trading!
Please like and follow. I'll keep sharing such analysis.
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