- Breaking of two patterns - chanell & flag pole
- Volumes increasing
- I think it will become a multibagger(3x-5x) stock
- View for 2-3 years.
Dis. : I am not a sebi registered analyst. Sharing for purely information only
Personally invested from 60 levels more added on 88 levels.
The stock has broken out of its 10-12 year channel on the monthly charts. Volumes are huge. We have to wait for january to end to see whether this breakout sustains or not. It definitely looks interesting.
p.s.- I may be biased as i am already invested from lower levels.
This analysis is purely based on price action and Chart Patterns.
The analysis is on 15min TF hence target can be achieved in intraday trade or in couple of days
Trade logic with SL and Target is explained in image itself.
Check the idea linked below to understand the Breakout on Daily Time Frame.
Entry can be made above the high of breakout candle on...