This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. ...
WEBELSOLAR gave a breakout with outstanding volume from a channel pattern after consolidating in it for a year.
Stock looks very bullish but may consolidate for some time before the next move up.
Could trade at 120-130 in the near future, especially if the broader market shows more strength in the coming weeks.
topped out at 1.27 fibonacci extented level of 78.65. support at 69-70, 63-62
target 1 112-116
target 2 141-146
target 3 176-181 (ROUNDING PATTERN FORMATION )
MULTI YEAR BREAK OUT ABOVE 116.
