14 Year old consolidation. Breakout of such large consolidation can trigger a aggressive trendy move. Longer the consolidation more powerful is the breakout. Accumulate on dips with SL of 190. Make suitable calculation of risk, loss you can afford & divide it by difference between the CMP & SL given. You'll get quantity that you can buy. Then accumulate in tranches. This simple technique can earn you huge profits without use of strategy, indicators, pattern etc.
Links attached of similar ideas posted earlier.
Of-course first study such breakouts, make your own observations, apply your own methods & then trade. Blindly trading based on the idea can land you in trouble. My Goal of posting here is making people capable of identifying trades, capturing big moves before they start & make profit. If you are here for tips, you are in wrong place.
Hi Varad, on shorter time frames I can see a breakout failure. But thanks for putting light on this buddy, will keep it under watch as with the ongoing market trend and strength in auto sector, this may be a good breakout candidate in near time. Cheers! :)
varadtambolkar
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@Ankit_Oberoi, Yes there are chances of dip hence, told to accumulate in tranches. Such breakouts give 40 50% move in a month, you can check breakout of jindal stainless Ltd. (JSL) similar structure. Cheers! :)