Shopper Stop Ltd. is engaged in the business of retailing a variety of household and consumer products through departmental stores and it provides retail range of branded and own label apparel, footwear, perfumes, cosmetics, jewellery, leather products and accessories, home products, books, music and toys, operates in the cities of Mumbai, Delhi, Kolkata, Chennai,...
All the reasons for the trade are explained in the image. Happy trading
LOOKING GOOD FOR BUY SIDE, AFTER A LONG CONSOLIDATION IN AN ASCENDING TRIANGLE, PROBABLY IT WILL GIVE GOOD MOVEMENT AFTER BREAKOUT. YOU CAN USE YOUR BREAKOUT STRATEGY FOR THE BELOW TARGETS. BULLISH ABOVE: 225 T1: 265 (18% GAIN) T2: 320 (42% GAIN)
This analysis is done purely on basis of price action and chart patterns Analysis is done on Daily TF hence it may take few days to few weeks for price to reach the given target. Stock is at good consolidation phase and it can be accumulated between the given range. Entry Strategy as well as SL is given in the image itself. Target levels are also mentioned in the...