Multi year breakout in Usha martin

Updated
Most of the stuff explained in the charts itself. Volume in the stocks has risen and is at multi year highs if you compare to last few years. Quick movement makes it high risk .

Disclaimer : This is only for educational purpose through technical analysis. One must do his/her own due diligence before taking any position in this stock
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Stock might retest breakout level of 87.30 before moving up further
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As expected stock retested 88 levels and bounced back. The trade ideally should be held
Chart PatternsTechnical IndicatorsmultiyearbreakoutpriceactionTrend Analysis

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