Nice RR on this small cap, one can go long around 145-148
Buy- A small company with good RR. Buying range 145-148. SL 138
Disclaimer: Ideas for educational purpose, please do your due diligence before taking any call.
Please support if you like the idea.
An interesting pattern has been seen on daily charts. Breakout from long consolidation and selling gives a short trading opportunity.
It will be good to have a watch on this stock.
Buyers seems to be coming to play.
It has been observed that price is moving in an ascending channel, over a period of few months.
Will be interesting to see if white bold support line holds on. It could be bottoms up situation developing here.
Buyers seem to be taking grip now.
Tgt around 256.
SL your own.
It has been observed that price action is moving in a channel and good volumes are involved.
In past after channel breakout it has given nice breakout.
Can be kept in radar/watch list.
Seems like smart money is accumulating nicely.
Suggestions and comments appreciated.