Stock prices usually move higher if they break out of Slanting line breakouts. Check Varun, Sun Pharma ( Not telling to take entry now ). Similar happening now in Vaibhav Global. Once it breakouts expecting a 20% target around 490 - 500. Accumulate till 380. Keeping a bit long SL 370-368.
Note
I hope someone trading in Vaibhav Global. Similar pattern in PFC, Vguard but volumes are not there. Need volumes for these trades to work successfully.
Note
Trailing SL now. Hoping for it to move to 490. Moving SL to 410.
Trade closed: stop reached
SL hit at 410. GTT closed the trade on Friday. Trade closed in 7.8% profit.
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