RISHIROOP has broken out of a major channel pattern. Momentum leading to breakout is excellent with huge volume.Price did leave a wick so it may consolidate for 1-3 days before releasing the momentum.
Look to enter 50% position at C.M.P and the rest after consolidation.
Risky traders can keep tight stop loss below 130 and positional traders can keep below the channel.
Targets: 170/190/200+
sl: below 130 or below 115
Position size according to Sl. HAPPY TRADING!
Trade active
Entry activated, 15% up. Hold!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.