HORIZONTAL CHANNEL BREAKOUT STRATEGY

Aug 14, 2022

• This stock has been in a Rangebound since August 2021in the Range of ₹780 to ₹1050.
  
• So, ₹1050 has been a Good Resistance , while giving a fakeout once in the Channel formation.
  
• Now it has Broken that resistance and Trading at Lifetime High of ₹1160.
  
• This is one of the nice opportunity to go Long on this stock.
  
• Volume have also increased much considerably.
  
• EMA 20, 50, 100, 200 have all come in an ascending order.
  
• Entry level at ₹1080 - ₹1100
• Target ₹1280 - ₹1300
• Stoploss ₹1050 - ₹1060