Keshaw_Agarwalla

Parallel Channel in AMARAJABAT, Triple confirmation!

Long
NSE:AMARAJABAT   None
BUY AMARAJABAT @722 levels

Its a Triple Confirmation Trade:
i) Parallel Channel Breakout (Inside range since Aug 2015)
ii) Volume profile indicates GOOD ACCUMULATION taking place in the stock
iii) Ribonacci Retracement (Near 0.5 Level)

I have initiated the position and will add more at FIB (0.5) i.e. 690 levels. It's a stock to hold in your portfolio for long term.

1st target: 1025
2nd target: 1125
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