Breakout after long consolidation !
Updated
Stock after long consolidation of 9 months (April - Nov) between 205-230 levels, has given breakout with good volume action.
Longs can be considered at cmp or any retracement till 230 levels, with SL 195 on weekly CB for the target of 350+ (40%) in medium-long term.
Also there is increased institutional investors participation (FII/DII) in Sep'21 quarter.
Kindly do your analysis before initiating trade.
Longs can be considered at cmp or any retracement till 230 levels, with SL 195 on weekly CB for the target of 350+ (40%) in medium-long term.
Also there is increased institutional investors participation (FII/DII) in Sep'21 quarter.
Kindly do your analysis before initiating trade.
Note
Stock up by more than 25% from suggested levelsTrade closed: target reached
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