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disclaimer... not an investing/trading recommedantion
This is a follow-up to the previous idea. The action reaction lines are holding up well. The breakout today from the trading range is positive development. The volume spike is interesting too. Am long this stock and happy with the move today. Hope this continues...
Price has bounced off the centre-line or the medianline of the red action-reaction set. It is apparent that the line is in sync with the price and I will not be surprised to see a rally to the top red line or the "Reaction Line". Am already long in this stock and looking to add more. Stock listed only at the Bombay Stock Exchange and not traded at NSE.
Take a min to look at this chart. Yes its a weekly chart and a fresh breakout has taken place on this counter.Currently its trading at 8920 levels ; i feel the stock can touch 9k ++in no time. How many of you agree ??