Breakout in CIEINDIA after a long consolidation
Stock Analysis
Trading Strategy
This setup looks promising for a sustained price rally. Trade smart and hold as needed!
- CIEINDIA was consolidating for a long period and has just given a breakout with a spike in volume.
- A strong base has formed at the 460 level, which is unlikely to break.
Trading Strategy
- Short and Long Duration: Suitable for both short-term and long-term trades.
- Target and Stop Loss: Short-term stop loss and target levels are plotted on the chart.
- Price Rally: Suggest holding the stock as long as possible with a trailing stop loss.
- Potential Upside: The stock may reach levels between 900 and 1200.
This setup looks promising for a sustained price rally. Trade smart and hold as needed!
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