AbhijitMukherjee
Long

Future Retail: Heading higher

NSE:FRETAIL   FUTURE RETAIL LTD
Seems to have broken recent resistance levels. Ichimoku indicator suggests that trend is got fresh life especially since the lagging indicator i.e. senkou line is now clear of recent price action zone. Plus huge volumes through this wedge like pattern breakout suggests a buy. Expect targets of close to 460 in next few trading sessions. Positional traders can even see near 500 in a months time.

Disclaimer: Assess own risk appetite before placing buy orders!
SL can be 414 about a few points below the blue line i.e. the tenkan sen line. That generally acts as great support
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