The stock was moving in an ascending pattern on the lower trend line, and has now crossed the top resistance level. It is now trending closer to its all time high of 224.5, which is given as a near term target.
Break out happened with significant volume, suggesting that the trend is expected to continue.
Depending on your risk profile, you may maintain a stop loss at ~180 levels.
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Break out happened with significant volume, suggesting that the trend is expected to continue.
Depending on your risk profile, you may maintain a stop loss at ~180 levels.
Please follow us for more trading setups like these.
If you have any queries/suggestions related to above pattern, feel free to type below in the comment section.
Do show your love by pressing the like if you liked the idea.