Nice Volume breakoutbreakout with good volumes always provides confidence...but when there is a big move it is followed by some pullback or consolidation ( remember nothing is 100% foolproof1!!)..i usually watch what the stock does after a big move..it could also keep moving up..keep watching..targets marked...Suprajit as a company has EVOLVED & ADAPTED nicely over time, so i would keep it on my watch list.
SUPRAJIT trade ideas
suprajit trade set upwe can see stock is taking dynamic support at 72 ema and price now available right here. here stoploss would be lesser and profit target could be better. stoploss 299 on daily close basis. positional buy can be hold as long as 72 ema not broken on daily basis and for short term trading target 1 will be 314 and target 2 will be 321. call negates if opening on monday is below 305