Relaxo has been one of the market leaders in footwear..OPM has been increasing steadily... breakout from channel with large volumes, always a good sign. CMP -1035 Target - 1111 ( short term) Calculate you RR ( risk reward) ratio properly before taking the trade. Best entry would have been 996 or thereabouts... i have marked the target levels considering S&R. Cheers
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Target achieved...positions closed.
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It has potential to move further up, especially if broader markets don't start sliding down...next target - 1164