Chemfab shown breakout with gap opening from significant resistance last week. Target was already decided with breakout, and now I am giving actual call to buy it after rejecting sellers pressure.
Thank You!
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One more thing to add is its allover bullish stock so can carry positions on monthly closing candle above 5 ema line.
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Upper Circuit All day Going Well
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Another Day with Strong Opening !
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Again, Retesting Red Line, until it close (D) above that line it's still bullish.
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580 is Good Support now and will works as a SL too.
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Good Monthly Closing at 652 Rs. In a Daily and Weekly TF price is still above 5 ema so good to carry even if you bought at little higher price.