GM Breweries - Breakout after 100 Weeks
Updated
It has been observed that the price action breaks above strong resistance level of 500 level and also a consolidation over 100 weeks (700 days), indicating a sustainable strong movement ahead. Another big news in market that promoted this breakout is the initiating plans of "online alcohol delivery" in selected states. This may increase the revenue and growth of major liquor companies that will give potential hike in their market pricing and stocks.
Target - 750
T2 - 950
SL - 440
Target - 750
T2 - 950
SL - 440
Note
Good Start - 8% upNote
Adds another 10%, keep holdingTrade closed: target reached
Target 1 completed, now closing to T2
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