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Breakout

Discussion in 'Technical Analysis' started by srspriya06, Mar 5, 2014.

  1. srspriya06

    srspriya06 Active Member

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    Breakout seen in this chart. Buy at 480 with target of 560 and stop loss of 420.
     
  2. chequesuraj

    chequesuraj Member

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    Breakout is already over i guess...@460+

    its stuck @ 490+ level now...

    need expert views on this...please
     
  3. shabbir

    shabbir Administrator Staff Member

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    There was a breakout above 470 and so not there is some consolidation going on and so it is to be seen how long the consolidation remains. I don't expect it to be very long.
     
  4. chequesuraj

    chequesuraj Member

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    closed @ 495+ with good volume...may cross 505 tomorrow
     
    shabbir likes this.