DILIP BUILDCON FORMED A ROUNDING BOTTOM PATTERN IN THE DAILY CHARTS VOLUME CAN BE SEEN INCREASING AS THE PATTERN COMPLETES.
A BREAKOUT TOOK PLACE AND IT WAS ABLE TO MAINTAIN THAT PRICE.
BUY ON ANY DIP TO THE NEAREST FIBONACCI LEVEL OR GO LONG TO GET UPTO 17% PROFIT AT THE 1:1 PROJECTION OF THE CHART PATTERN, CLUSTERING WITH THE RESISTANCE LINE.
while the stock has been in a downtrend for a couple of weeks
tested monthly support levels for last 3 days and managed to stay above it
Catalyst : Epc project for a dam worth 601 crore
use ichimoku to trade in 15 min timeframe
long above 633 levels
Entered on 2 Aug 18 on 847.30 with a stop loss at 771.10
TSL 0.00% 0.00% update on 16 Aug 18 from 771.10 to 815.15
Current Trailing Stop loss = 815.15
In case of hitting stop loss there will be loss of 32.15 points