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Consolidation-breakout

KCP Sugar India Breaks out Consolidation (Investment Call)On a monthly chart, the price action has broken out from a consolidation range that indicates bullishness and buyers dominance. Previous month the stock corrected 25% and retraces back to the previous breakout levels or resistance. The prices may go down further to 28 levels but eventually it will rise with the time and may cross over all time high of 45 levels. At current price levels, it is an opportunity to invest and gain returns above 35% in few months time. Stoploss shall be 25 levels.
BSE:KCPSUGINDLong
by NeeteshJain
Mahindra Failing To Make New High, Downside Breakout ConfirmedIt is been observed that the price action is been consolidation with a rectangular price range and it was earlier also observed that the price action breaks upside but could not sustain the uptrend as we didnt get to see a new higher highs and after a while the price action breaks below the consolidation and now it is confirmed as we go to observe a lower low that indicates that the price action shall move to the downside direction. Target: 1400 Stoploss: 1469
BSE:M_M
by NeeteshJain