TradZoo

Parallel Channel Breakout in TNPETRO For 64+ Target

Long
NSE:TNPETRO   TAMILNADU PETRO PR
In the last trading session, this stock gives a breakout from its consolidation zone between 30-47. This breakout happened with increasing buying volume so expected this stock reach soon 64+ in upcoming trading sessions. This rally can give more than 30% movement. Can go long with a very close stop loss at 45. So, Risk: Reward in this trade will be 1:8+.

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