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ParamjitMahapatro
Oct 8, 2017 9:55 AM

india glycol looks bullish in long term,  Long

INDIA GLYCOLNSE

Description

In monthly, it has given a multi year breakout, one should buy at every dip here.

tgt1 - 380, tgt2 - 540

Trade active

going good, till now 334.70

Trade active

1st tgt achieved here.

Trade active

till now 393.25

Trade active

first tgt done here

Comment

at cmp - 431.65, hidden bullish divergence formed in daily,

Trade active

after few weeks of consolidation, price closed above upper BB with good volume, and BB is starting to expand - sign of bullishness.

Trade closed: target reached

final tgt of 540 achieved here, cheers.

Comment

now, look out for horizontal resistance breakout.
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