Onmobile CMP - 117.10 Breakout and looking bullish in higher time frame. One can go for Short / Long Term Trade Setup with the following entry, exit & targets. Buy Range 115 - 120 ONLY / Stop Loss 87 Target 1 - 130 Target 2 - 140 Target 3 - 150 Disclaimer: This is my view and for educational purpose only.
Can be added now at 122 or added at re-test near 120 for a Target of 132
Onmobile global Stock was consolidating from approx 3 months and now it had given breakout in weekly time frame with good volume. Buy for long period Keep strict sl @ 100 Buy above breakout Target @ 199 Use trailing sl to cover your profits Buy at your own risk.
Volume has started picking up after 10 weeks of consolidation. Price moving out of a tight range with volume. Needs to be followed closely.