After a strong run up the stock consolidated sideways for a couple of weeks and has now given a fresh breakout with good volumes. The stock is expected to continue its upward movement and is good buy above today's candle with a stop loss 118. It is a positional trade for a target of 145, 170.
Traders who are more conservative in their approach can wait for a retest of the break out levels
Traders who are more conservative in their approach can wait for a retest of the break out levels
Comment:
Target 1 achieved.
