RiderTrader

Vinati Organics - Box Breakout

Long
NSE:VINATIORGA   VINATI ORGANICS
Vinati Organics.
Broke out of box.
A buy could be placed around 1040 levels.
Due to wick on top and support around that levels on left side.

Target 1090 - 1100 levels
RSI and Stochastic are as per rules.
ATR too is low.

Generally the rule is to buy above high of breakout candle.
But Wick being on top a small retrace is possible.

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