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Ushamartin

Consolidation breakout in Usha MartinNSE:USHAMART Currently breaking out from a consolidation within a bigger consolidation (See chart) Goood volumes today and if a breakout is confirmed by EOD, I think it will go on to breakout from the larger consolidation as well. Targets for the smaller consolidation amount to 35 points, whereas the targets for the bigger consolidation amount to 55 points, from the point of breakout respectively. Trading above all imp averages as well indicates good strength of the major bullish trend too For ideal R:R, a pullback will be the best point of entry! Keep track.
NSE:USHAMARTLong
by aniketkulkarni500
USHAMARTIN - Multi-year Breakout - Huge potentialThe analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:USHAMARTLong
by TradewithAditya