Stock was trading in a sideways channel, now it has given breakout with good volume .
In the short term, price is moving in an uptrend with support which is marked on the chart. Also, there was a triangle pattern breakout which has already reached its target.
If daily candle of 10th Aug manages to close above breakout candle high, we can expect a good up move in coming days.
If price is coming for retest 840-870 levels should act as immediate support.
Stop loss for this trade can be placed below 775.
All possible targets are mentioned on the chart.
This is just a view, not a recommendation to trade. Do your own analyses before taking any trade.
NSE:MOLDTKPAC
In the short term, price is moving in an uptrend with support which is marked on the chart. Also, there was a triangle pattern breakout which has already reached its target.
If daily candle of 10th Aug manages to close above breakout candle high, we can expect a good up move in coming days.
If price is coming for retest 840-870 levels should act as immediate support.
Stop loss for this trade can be placed below 775.
All possible targets are mentioned on the chart.
This is just a view, not a recommendation to trade. Do your own analyses before taking any trade.
NSE:MOLDTKPAC