Panchalk

breakout with good volumes

Long
Panchalk Updated   
NSE:MINDACORP   MINDA CORP LTD
Minda was moving in a channel for some time and today it broke out of channel with good volumes ( positive sign)..if it retests the channel in coming days, it could make a big move up.
CMP -125.6
Target 1 - !39-40
Target 2 - 155
This is not advice to trade. Calculate your own risk/reward ratio and SL and trade.
Comment:
Minda has moved 7% today - it is at 145...it is in momentum..let's wait and see what happens..it has moved 15% in last 3 days
Comment:
Target 1&2 are done...but after so much consolidation...almost for 4.5 months...moved up today by 9%..CMP 170
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