Triangle Pattern breakout in Camlin

From the past two years stock has been forming triangle pattern, finally it has given breakout from this pattern with good volume. From the current price level price may correct a bit as we can expect profit booking at this level. If price closes above 181, we can expect a bullish momentum in the stock.

All the possible targets are mentioned on the chart. Stop-loss can be maintained as 150/121 depending on your risk appetite.

This is just a view, not a trade recommendation. Do your own analysis before making any investment decision.

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CAMLINFINE