Usha Martin Limited
Long
Updated

USHAMART - Triangle pattern breakout - 40% upside potential

363
USHAMART has given triangle pattern breakout at 140 levels.
Target: Around 195-200 levels.
SL: Daily candle close below 138-135 zone
Target timeframe: 1-2 months.
Note: It is a volatile and illiquid stock, so can expect some volatile movements either side, one should be patient and cautious with the price movement on either ways.
Strict SL / trailing SL recommended.
Trade active
Took support at 138-135 zone and then bounced back sharply. Price action looks good with good volumes and heading for target of 195-200 levels soon.
Trade closed: target reached
Target reached (197) in 11 days!!

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