Shravster

GHCL Trading Idea

Long
GHCL (NSE:GHCL)  
NSE:GHCL   GHCL
Pennant pattern can be seen on chart. About 4-5 attempts at breaking out. Last 4 sessions have seen consolidation near the upper trendline. Trade may be entered into when there is a breakout with all volumes. Delivery volumes have consistently been above 40%.

Buy above 175
T1 : 203
T2 : 216
SL : 165.50

Thanks!


P.S. The rough time stop loss I set on all my trade is about 20-30% of the time the pattern took to form. Be rest assured regardless of the direction my trading ideas proceed in, I'll update the idea to reflect the same.
Comment: T1 : 203 reached on Dec 03.