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SAREGAMA INDIA LTD
Long

Saregama India 🎯7000

By PriceActionSpotter
Updated
SAREGAMA broke out of rising channel pattern after a very strong bullish trend of 700% move and now looks ready to continue that momentum.

Price consolidated after breakout and one can enter entire position now at C.M.P of 5300 levels with a stoploss below the channel at 4400 levels.

Holding period for 1 month+

Targets- 6000/6500/7000+

Positional trade, trail stoploss after target hit.

Follow strict risk management. HAPPY TRADING!

Comment
Green candle made at trendline after retest. Looks ready to fly.
breakoutChart PatternsNIFTYParallel ChannelpriceactionrisingchannelbreakoutSAREGAMATrend Lines

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