Andhra Sugars - Ascending triangle Breakout with Volumes
- Good Fundamentals (Increasing Top and Bottom line figures)
- Breakout from an Ascending Triangle pattern with volume expansion
- Stock has volatility and thus a retest after the breakout is expected
- Good entry level at 367 with a stoploss of 316
- A consolidation near the breakout zone is expected
- High volume noticed in many other sugar stocks
- Breakout from an Ascending Triangle pattern with volume expansion
- Stock has volatility and thus a retest after the breakout is expected
- Good entry level at 367 with a stoploss of 316
- A consolidation near the breakout zone is expected
- High volume noticed in many other sugar stocks
Commento:
Entry Missed but stock went with great momentum!