Multimonth consolidation breakout
Such kind od breakout are rare to spot. My experience says that such kind of multi month consolidation breakout results in 3x - 5x kind of return. I had the privilege to spot few such breakouts in Vadilal and Nilkamal . Volume was exceptional on breakout may be because of overhang of previous investors who got stuck at that level in 2007. It many consolidate for some time in between 110-70 and then start next upmove.
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