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Rajesh_S
Jul 19, 2020 1:02 PM

CADILA HEALTHCARE - Long Long

Description

Reasons for long:

1) In a rising upward channel.
2) Approaching a major Resistance area.
3) If buying continues, then can reach the resistance area.

Entry - If previous high is broken with volumes in previous 15 minute time frame

Note: Risk averting traders need not enter as it can fall quick.

Trade closed: target reached

Target achieved in pre market and opening.
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