On weekly chart, I am seeing it till 583, Why have you only made a target of 2-3%? Any specific reason which I am unable to see, please elaborate a bit. Thank You :)
Breakout-Ideas
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Hi @amolakchhatwal16, Basically I am a BTST trader. Generally I do trade at breakouts... So even though there's a higher possibility. I am happy with my 2-3% return in a day span. Coming to your question.... In the weekly chart, the price of weekly candle was not still closed greater than 487. Untill or unless if stock was higher than 487 level, I believe this stock can grow till the target you were expecting... With any reason if stock closes below 487 (on weekly basis), then please don't put expectations on this stock as per technical analysis. But these kind of higher targets for a stock are possible, if you are ready to hold it for months. So most of them don't try to hold for long time..until or unless they were investors. So I hope, my answer satisfies your question. Let me know if you have any more doubts. I am happy to reply my followers
amolakchhatwal16
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@Krishna_Vamsi_Sistla, I got your point, Thank you brother for elaborating :)
Breakout-Ideas
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@amolakchhatwal16, You are most welcome... feel free to post your questions about my ideas. I am happy to answer. You can also post me the questions related to other stocks as well. Will try my best to help.
amolakchhatwal16
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@Krishna_Vamsi_Sistla, Thank you so much brother, Will let you know and also save you for future reference XD...