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
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