Multiyear Breakout - Done. Small Retracement - Done. Bullish engulfing on Monthly Time Frame. Bullish on Weekly Time Frame. Trend line broken on Daily Time Frame. Risk to Reward very good.
Excellent stock to Buy and Hold for 6-9 months.
Trade active
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Entered Long position at 275 with SL - 220.
Comment
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Moved as expected.. Trailing Stop loss to 262 (Daily closing basis)
Comment
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Price action supporting the analysis. Conviction increased in this Stock.