- Weekly Chart
- Strong fundamentals
- Poised for breakout
- Looks good for swing/ Positional trade after break of resistance line
- First target ATH, Use trailing stop after that
- Manage risk using stoploss and position sizing
Rectangular Pattern Breakout seen in GNA Axles with high volume.
Buy only if the high of the breakout candle is broken.
Target a 1:1 ratio first. Then, if you want, you can keep 25% of your position for 1:1.5 target.
Buy levels: 244-246
Stop Loss: 209.85
First Target: 279
Second Target: 292