NeeteshJain

CADILA - BIG CONSOLIDATION BREAKOUT

Long
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