KSCL : trade on breakout retest !
KSCL : CMP 734
trade set up :
buy above 735
keeping stop loss as 670 on closing basis
targets : 820/1069
technical setup:
1.bullish flag and pole in weekly pattern
2.pennant
3.breakout re-test
note : stock has made multi year price breakout at 710 levels . made high 814+,
has retested the same price recently .
and again on the verge of flag pole /pennant breakout at price 734 to 736.
time frame 2 to 3 months
trade set up :
buy above 735
keeping stop loss as 670 on closing basis
targets : 820/1069
technical setup:
1.bullish flag and pole in weekly pattern
2.pennant
3.breakout re-test
note : stock has made multi year price breakout at 710 levels . made high 814+,
has retested the same price recently .
and again on the verge of flag pole /pennant breakout at price 734 to 736.
time frame 2 to 3 months
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