NSE:LOKESHMACH broke out of a bullish ascending triangle pattern and now is consolidating in a range.
Following the price action, one can enter 20-30% position at C.M.P
Enter with rest after a breakout from this range or after price takes support in the range.
Targets:90/100
Sl- below 70
1:2 trade. Breakout momentum looks good. likelihood of target being hit...
AMD seems to be the contrarian play in the semiconductor field right now so I'm going to go ahead and suggest starting a position at these levels around $90 a share. It has been outperformed by its peers to a great degree recently for no apparent reason. I assume profit-taking attributed to taking it down from nearly $100 a share.
Buy under $93.
Sell half at...
