multiyear breakout from wedge...it has already moved out of the wedge some months ago....ideal entry would have been 98...but it has potential to move up to 147 and beyond...147 is not marked as a target but it is an important S&R level if you observe the chart..This company is a leader in manufacture of speciality pipes in India...but is a micro cap also, so a very small company...trade at your own risk. This is an idea, not a recommendation.
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Up 10% today....
Comment:
It went up to 145 and then pulled back...up 5% today...there is a target i did not mark on the chart - 159. It has potential to reach there...might take some time...think long term. Intraday in any case is not profitable for 99% traders...i have tried it and failed. So i urge you to do swing or positional trading. Results are much better and win percentage also is high.