SAREGAMA
broke out of rising channel pattern after a very strong bullish trend of 700% move and now looks ready to continue that momentum. Price consolidated after breakout and one can enter entire position now at C.M.P of 5300 levels with a stoploss below the channel at 4400 levels.
Holding period for 1 month+
Targets- 6000/6500/7000+
Positional trade, trail stoploss after target hit.
Follow strict risk management. HAPPY TRADING!
Comment:
Green candle made at trendline after retest. Looks ready to fly.