Given at 5419 - and target 5443, with SL at 5120.. Very skewed !! is there somethng wrong
AmateurTrader100
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@truthSeeker09, Before smashing your fingers READ IT PROPERLY -- TARGET 1 is 5443 and there will be other targets also like TARGET 2 is 5512(ALL TIME HIGH).
Anything else ?
truthSeeker09
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@AmateurTrader100,
.. its an skewed trade for risk reward, dont you think so ?
5400 to 5500 is just 100 point while 5100 is 300 points .. may be the prob of moving higher is more, still !!
AmateurTrader100
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@truthSeeker09, Brother for the prediction of target after breakout - range of channel pattern is calculated which is almost 20% in DRREDDY. So this will be the target after breakout.(after crossing 5512).
I was wondering if we could go 250 points up from the breakout, which would mean 5700 also crossing prior highs and may be some new crackers
AmateurTrader100
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@truthSeeker09, Yes it will give good breakout. You can check muthoot finance for the reference of breakout target.
Muthoot finance is posted in the profile.