Tata Invest: Breakout and Channeling Up

It is been observed on the daily chart that the price action is breaking out from a consolidation indicating a bullish move ahead. It is also observed that the price action is trending up in a channel, indicating upmove ahead.

Target 1: 670

Target 2: 690

Stoploss: 620
Trade active
Comment: In Good Momentum, moving up quickly. Regards
Trade active
Trade closed: target reached: Target 1 reached. Regards
Trade active: Now, look forward for Target 2. Regards
Trade closed: target reached: Target 2 reached successfully too. Regards


Please rectify me if wrong
+2 Reply
NeeteshJain VipinSharma
@VipinSharma, Yes, it is rightly marked by you and it should retrace back a bit before it crosses above 655 levels. 630 levels will a great buy on dip or buying at support zone. Regards
NeeteshJain NeeteshJain
@NeeteshJain, I would advise to buy on dips till it reaches to the target. Wish you the best. Regards
"Buy on dip strategy" good pick...
+1 Reply
NeeteshJain MrAkshatP
@MrAkshatP, Yes, it shall work similarly in further price action. Thanks, Regards
can i enter now..@637
+1 Reply
@AIBH, Yes, you can, considering stoploss of 620. Regards
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