Soham-18

Gujarat Ambuja Exports - Long term Breakout

Long
NSE:GAEL   GUJARAT AMBUJA EXP
- Strong breakout after a consolidation on a monthly chart
- I expect it to come down however 30% positions can be offloaded at opening and remaining at 166 levels
- Volume expansion suggests strength
- Stoploss can be at 146-147
- Expecting a retest however momentum might be very strong

Comments

why it is not giving big move
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Soham-18 shubh1818
@shubh1818, I had already expected a retest as the breakout candle was huge, so it will show some consolidation and even the volumes of consolidation candles are low. It may regain a momentum and if it does not I would exit at stoploss. This is what I think, rest is with the Markets. Thank You.
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