ALICON :: LONG SETUP --------------------------- -- Buy at Current Levels / Pull back (770 - 820)
-- Initial S/L 735
-- Target the Channel Top / FIB Levels or hold as positional pick
Reasons for increased probability:: ---------------------------------------------- -- Recent Trendline breakout.
-- high volumes + delivery seen last 3 sessions
-- Momentum breakout in RSI
-- MultiYear Breakout & Retest completed
/** Caution : Smallcap Auto stock... Prefer allocating <5% of your capital. This is just a probability analysis and trade at your own risk.. And re-read "Risk Management". Consult your financial advisor to know more about the risks associated with buying / selling shares. **/
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