Breakout in CIEINDIA after a long consolidation

22 May

Stock Analysis

1. CIEINDIA was consolidating for a long period and has just given a breakout with a spike in volume.
   
2. A strong base has formed at the 460 level, which is unlikely to break.
   

Trading Strategy

• Short and Long Duration: Suitable for both short-term and long-term trades.
  
• Target and Stop Loss: Short-term stop loss and target levels are plotted on the chart.
  
• Price Rally: Suggest holding the stock as long as possible with a trailing stop loss.
  
• Potential Upside: The stock may reach levels between 900 and 1200.
  

This setup looks promising for a sustained price rally. Trade smart and hold as needed!