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Levels mentioned in the chart
I am looking to Go long for last ride of this script before the Major correction .
Stop would be 1 % of CLB on 1 Hour form CMP
The stock seems to be waking up after a long term consolidation of the past 3 years! If it can sustains these levels, then the next chapter in it can begin! Keep a watch out!
Thermax has clearly broken out of the c&h pattern and is expected to go to the usual c&h pattern target projections.
Target projections are shown on chart.
Trade after u do your own analysis of the stock.
Thermax has broken out of long term resistance trendline ....
Buy : 870-900
Target 1 : 1150
Target 2 : 1300
Sl - 830
Thermax 8.34% is showing clear indication of trend reversal since new higher high and higher low is formed hence I am bullish on Thermax 8.34% . Please share your views.