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All Time Highs & Breakout Of The Wedge Pattern With Consolidation Form. So Keep The Eyes On This Trade
Stop Loss @ 1185 & Target In The Risk Reward Ratio Of 2:1.
keep watch Breakout trade.
buy on retest
Target 1500 plus.
1) Stock has broken out of the consolidation zone with good volumes
2) RS / MACD / Stoch all satisfy buying conditions.
3) Target as per a similar previous pattern observed in the Stoch . Trail price to get max benefit.
#SESHAPAPER Year long rectangle is on verge of breakout. Above 840, it would be interesting. One can target 1020 with SL: 780
SESHAPAPER CMP @766
SL - 720
Accumulate Dips for Initial Targets of 800, 830 & 870RS!
Will Update Further Targets, Once it Close Above 870!
Seshasayee Paper & Boards Ltd:₹ 751
The stock is trading at support level in an ascending triangle.
An ascending triangle is a bullish formation that indicate accumulation,
usually forms during an uptrend as a continuation pattern.
Resistance :₹ 847 on breaking above ₹ 847 the stock can reach new heights. Stop:₹ 740