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Breakout in CIEINDIA after a long consolidation
CIE AUTOMOTIVE INDIA LTD
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Breakout in CIEINDIA after a long consolidation
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5月22日
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5月22日
Stock Analysis
CIEINDIA was consolidating for a long period and has just given a breakout with a spike in volume.
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!
breakouts
Support and Resistance
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