sachinnagpal1982

ITDC - Technical long trade

Long
NSE:ITDC   INDIA TOURISM DEV
I like this chart. Chart gave a breakout from cup and handle pattern, did complete retracement and regularly making rounding bottom patterns which is a sign of accumulation. Closing above 450 will open next levels of 570 and 700 in medium term. If someone wants to keep a small stop loss then cut this trade on weekly closing below 370. Weekly closing below 340 is a proper stop loss for this trade.
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