NeeteshJain
Long

CADILA - BIG CONSOLIDATION BREAKOUT

BSE:CADILAHC   CADILA HEALTHCARE LTD.
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.
Comment: 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
Considering getting back in if comes to break out levels?
+1 Reply
@Siddhanth, I believe breakout above 480 levels will be a good enter for Target 500 levels. Regards
Reply
Awesome call neetesh, better than entry was the exit timing... Keep up and weare learning along.
+1 Reply
@Siddhanth, Thanks mate, Regards
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Hi Nithesh ji... You are very good with harmonics... can you please provide your analysis on jubilant food. Its forming some bat pattern. Please Suggest some entry and exit levels. TIA
+1 Reply
@Konvict, Share the chart and your analysis in order to guide you the best. Regards
+1 Reply
Neetesh sir...... Please tell how did you decide or come to conclusion for the target of 490 ?
+1 Reply
@ankitkuec, Elliott Waves, Price Action and Fibonacci's, a confluence estimation. Regards
Reply
Super
+1 Reply

Completely agree !! any time now !!
+1 Reply
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