srikartiram

SHAKTIPUMP | RSI + Trendline breakout | Looks potential for 30%

Long
NSE:SHAKTIPUMP   SHAKTI PUMPS INDIA
SHAKTIPUMP | RSI + Trendline breakout | Looks potential for 30%

CMP : 800 (Dip : 750)
SL : 730
Target : 1050

1:4 risk reward setup

Target calculated based on Fib and Triangle size
Not necessary to exit with the stoploss at 730, it has very good support till 650.
This stoploss is only applicable for momentum trade who is taking breakout trades as per this pattern.