Resistance Breakout
System: Swing Trading
Stock gives strong resistance breakout on weekly chart, Weekly RSI bounces from 60 levels.
Indicators are showing strength in the stock.
Basis: Price action, RSI & TSI
Entry level: 4800-4850
SL: 4500 closing basis
Target: 5230/5640/6240
Duration: 3-4 month
Disclaimer: I am not SEBI registered. This is my personal view only for educational purposes. I might have this stock in my portfolio. Please do research on your own or consult with your financial advisor before investing and trading.
