BlackJackCo

NSE: KILITCH DRUG Volume Breakout for 247, 271

Long
NSE:KILITCH   KILITCH DRUGS(INDI
NSE: KILITCH DRUG Volume Breakout for 247, 271
Break out Momentum play
From Oct 15 to Jan 07 consolidation between 149 to 209
On Jan 08, break out with unusual high volume compare to normal day volume , closed above 209.
Level 209 seems to be strong resistance.
Possible long at current level with strict stoploss 186 and target for 232, 247, 271.
If momentum continues trend may puch price beyond 271.
Follow stop loss and trail stop loss
Trade active: Target 1: 232 Hit, trying to break above
Follow stop loss and trail stop loss
Trade active: Hit 242 and retraced. Near to Support level 211
Trade closed: stop reached

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