KOTHARI PETROCHEMICALS BREAKOUT
Updated
KOTHARIPET broke out from the triangle pattern after consolidating in it for 5 months.The closing of the breakout candle is strong and volume burst is significant.
Buy 90% of your position if it breaks 71.4 level and sustains in 15min timeframe. Enter with 10% position after some sort of dip or retrace.
Stoploss marked on the chart. Placed below the pattern.
Follow strict risk management. Happy trading!
Note
Update: Price currently retracing. Expect good momentum after closing above 77 levels.Trade active
Hold with patience. Price is taking a very slow retrace to shakeout impatient traders, booking losses. Expect a move towards 100 levels after price takes out 75.Trade active
Super momentum released in last 2 trading sessions. Hold for 100 levels!Trade closed: target reached
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