SAREGAMA broke out of rising channel pattern after a very strong bullish trend of 700% move and now looks ready to continue that momentum. Price consolidated after breakout and one can enter entire position now at C.M.P of 5300 levels with a stoploss below the channel at 4400 levels.
Holding period for 1 month+
Targets- 6000/6500/7000+
Positional trade, trail stoploss after target hit.
Follow strict risk management. HAPPY TRADING!
Note
Green candle made at trendline after retest. Looks ready to fly.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.