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--- Trade was given on 20 - April -2021
---Trade is Closed in PROFIT on 17 - MAY -2021
FULL TARGET done now..... 🎯
--Buy Above = 1719 or CMP
--Target = 1831
--Stop-loss = 1609
--lot size =400
--Expected Profit = (15 % )
--Expected Holding = 2-3 weeks only
The chart is clearly indicating a Breakout of Both Parallel Channel and Resistance at the same time which is a clear sign of bullishness. Target can be achieved at 1850 levels. The only problem is with the Volume, which is still not very much satisfying, but everything looks positive for short-term trading like the swing.
Price has broken out of range with high volume , wide range bar. Retracement towards the consolidation zone is on low volume and narrow range bar. Buy around 1640-1630 sl 1621.80 target 1710 and in optimistic scenario 1750.
Disc : it's not an investment advice to buy or sell
Long above the Bo of Resistance level above 1638 for the target price of 1720 & 1745 with the SL of 1585. Stock is builup at the resistance area & seems BO can be given any time. This is for your educational purpose only.
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket...