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iamastudent
Jan 7, 2024 4:13 PM

Sula - Strong momentum breakout Long

SULA VINEYARDS LTDNSE

Description

Given a strong momentum breakout with good volume. Need to see if this will come for a retest or not, though chances are bit less, but if it does, a buy zone should be around 510-513 with a StopLoss of 5%. If you take entry at current price, SL would be decided on the closing of coming Monday's closing price.
Expected Targets are mentioned in the chart, I am expecting a 10-20% move before it goes for a correction.

Disclaimer - This is not a buy or sell recommendation, these are just my view on the stock price.
Comments
iamastudent
Both the targets are achieved, however, didn't expect that it would be that quick.
iamastudent
First target already done...nice explosive moves
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