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CADILA - BIG CONSOLIDATION BREAKOUT

1 447
It is been observed on the the Daily and Weekly chart that the price action is consolidating for past 10 weeks continuously within a rectangular or sideway channel. Now, it has finally broken above the the channel and shall further move up to new highs if it closes above 465 levels.

Target 1: 480

Target 2: 490

Stoploss: 455
Trade active
Breakout activated. Looking forward for a good rally.
Note
It did close above 465 levels, now it confirms a breakout above resistance levels. It shall rally up in coming days. Regards
Trade active
Trade active
Keep holding, a big move is on the way. Regards
Trade closed: target reached
Target 1 and Target 2 reached successfully. Regards
NeeteshJain
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breakoutCADILAHCconsolidation-breakout
NeeteshJain

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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.