JUST DIAL
CMP 577
Target 900 plus
Stop 480
1) Stock possibly in the process of rounding bottom (RdB) formation.
2) Stock is currently forming a strong rectangular base in the bottom, with the high of the base at the Stocks first ever price tick open.
3) Stock more likely to break the high of the base as significant volumes seen in last few trading sessions and given the fact that currently , within the base, the stock is consolidating with a minor flag pattern.
4) Aggressive investors can buy at CMP but has to face the risk of the low probability event of stock retracing from the high of the rectangular base towards the bottom of the base in which case stops will protect; Conservative investors can wait for the stock to breakout and then enter; Breakout region is approximately around 625-630.
CMP 577
Target 900 plus
Stop 480
1) Stock possibly in the process of rounding bottom (RdB) formation.
2) Stock is currently forming a strong rectangular base in the bottom, with the high of the base at the Stocks first ever price tick open.
3) Stock more likely to break the high of the base as significant volumes seen in last few trading sessions and given the fact that currently , within the base, the stock is consolidating with a minor flag pattern.
4) Aggressive investors can buy at CMP but has to face the risk of the low probability event of stock retracing from the high of the rectangular base towards the bottom of the base in which case stops will protect; Conservative investors can wait for the stock to breakout and then enter; Breakout region is approximately around 625-630.
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