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VolumeProfiltrader
Mar 24, 2024 7:25 PM

ABBOTINDIA BREAKOUT TRADE Long

ABBOTT INDIA LTDNSE

Description

Trade: Entered ABBOTINDIA @25350 SL 22000 with half risk

Reason to Enter: Breakout from May 2021 to Jan 2024 consolidation range of 15600 –24600.

Defined SL 22000

Trade active

Trade: Added more @28300 SL 24800 for balance half risk . Average cost becomes 26800 with SL of 24800.

Reason to Add: Breakout from a small consolidation range of 26500-24700, which indicates there is a strong demand in the shares of AbbotIndia.

Defined SL: 26800 for total quantity.

Booking: Will take SL or First target will be to book 35% quantity near 32200 and rest 35% qty 37500 with balance quantity to be trailed as per price action consolidation SL move up.
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