Breakout

Relaxo has been one of the market leaders in footwear..OPM has been increasing steadily... breakout from channel with large volumes, always a good sign.
CMP -1035
Target - 1111 ( short term)
Calculate you RR ( risk reward) ratio properly before taking the trade. Best entry would have been 996 or thereabouts... i have marked the target levels considering S&R.
Cheers

Yorum:

Target achieved...positions closed.

Yorum:

It has potential to move further up, especially if broader markets don't start sliding down...next target - 1164

Yorum:

Crossed 1170..