Though analysis seems good..suggested risk:reward is not that good
aashu24ahuja
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@TradeLogik, This is just an approximate target based on the pattern, stock can go anywhere. I like the chart because it had multiple resistance and this is some 5-6th attempt in which the supply was taken out. Before the breakout, there was nice consolidation, and consolidation before BO is a good sign. Another good sign is the BO volumes.
And this is just an idea, may or may not work so it's for learning purpose.