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MCLEOD RUSSEL - LONG POSITIONAL CALL ABOVE 146

Long
NSE:MCLEODRUSS   MCLEOD RUSSEL INDI
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The chart has been on a downtrend for a long time and is now showing signs of reversal as it has held it long term support zone of 140 and has also broken the downward sloping channel. Should be bought once critical resistance of 146 is breached.
Comment: Anyone holding position may exit around 175-180 levels and wait for reasonable correct to buy again.

Comments

Within a week the stock has moved to 153. Stock can still be bought on any correction for a target of 168-70 zone.
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