OSWALAGRO - Breakout from DTF

14 июн.

OSWALAGRO has resistance weakening on the Daily charts and has given a breakout with good volume.

The target of this pattern signals an upside potential of 15% from the current price level in the medium term.

The stock is trading above its 50- and 100-day exponential moving averages (EMAs). The range is more than >2X, and the Volume is also >10X the average.

CMP- Rs. 104
Est. Entry price ~ 108
Target Price- Rs120 ( 15% upside)
SL -92

Note- The candle closed isn't very promising, so we have to wait for a stronger move.

Disclaimer: This is not a buy/sell recommendation. For educational purpose only. Kindly consult your financial advisor before entering a trade.

17 июн.

Сделка активна

As mentioned in the note, trade is still not triggered as we didn't get the positive candle and more decisive move.
So it is possible that we have to wait for a few weeks, till then keep it under the radar.