HORIZONTAL CHANNEL BREAKOUT STRATEGY
- This stock has been in a Rangebound since August 2021in the Range of ₹780 to ₹1050.
- So, ₹1050 has been a Good Resistance , while giving a fakeout once in the Channel formation.
- Now it has Broken that resistance and Trading at Lifetime High of ₹1160.
- This is one of the nice opportunity to go Long on this stock.
- Volume have also increased much considerably.
- EMA 20, 50, 100, 200 have all come in an ascending order.
- Entry level at ₹1080 - ₹1100
- Target ₹1280 - ₹1300
- Stoploss ₹1050 - ₹1060
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.