200% prior move and then its testing 50 DMA for first time.
So its tradable as pullback as well as high tight flag.
7 weeks cup and handle.
Though proper entry will be above 129, but if it closes above 124-25 with significant volume, aggressive buy can be initiated.
Target will be 140 and 158 i e horizontal S/R.
stock was in long consolidation of 18 weeks.
then first it broke the upper trendline with volume.
then it also broke out of range with volume.
Today it gave BO retest with continuation pocket pivot from 10 DMA.
BTST IN NIITECH
NOTE:IS ALSO GIVEN AS A POSITIONAL TRADE EARLIER
ADD UP TRADE
HOLDING MOVING AVERAGES WITH
A PIERCING LINE CANDLESTICK PATTERN
ITS LOOKING GOOD FOR A BREAKOUT
JAN FUT TRADE
BUY@1155
STOP@1140
TARGET@1172
LOT:750
QTY:1
